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READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
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LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Low Mortgage Rates Good for Refinances, Not New Home Builders
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Low Mortgage Rates Good for Refinances, Not New Home Builders
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Low Mortgage Rates Good for Refinances, Not New Home Builders

July 26, 2012 (Chris Moore)

The record low mortgage interest rates in June were a boon for homeowners who wanted to refinance, but they didn’t help the nation’s new home builders as sales of new single-family homes fell in June according to the latest housing data released by the Census Bureau.

Sales of new single-family homes fell 8.4 percent in June to a seasonally adjusted rate of 350,000, down from a sales rate of 382,000 in May. On an unadjusted basis, new home sales declined by 9.1 percent from the previous month.

The rate of sales in June was still 15.1 percent higher than the estimated sales rate of 304,000 units in June of 2011. Sales were also 15.2 percent higher than in June of last year on an unadjusted basis. Through the end of June, new home sales are 20.3 percent higher than at the same time last year.

The median sales price of the new homes sold in June was $232,600, which was down from a revised $237,100 in May. The average sales price for a new home in June was $273,900, down from a revised $278,000 in May.

Seventy-one percent of the new single-family homes sold in June were under $300,000, up from 70 percent in May.

In June of last year, the median sales price of a new home was 3.7 percent higher at $240,200, while the average sales price was 0.03 percent lower at $273,100.

Three of the four national regions posted declines in seasonally adjusted monthly sales led by a 60.0 percent decline in the Midwest, followed by an 8.6 percent decline in the South and an 8.4 percent decline in the Northeast.

The West was the only region to post a gain in homes sales, increasing by 2.1 percent over the previous month.

Compared to a year ago, three of the four regions showed improvement with the West posting the largest increase of 36.1 percent followed by the Midwest at 19.6 percent while the South reported an increase of 6.5 percent and the Northeast was unchanged from the previous month

Inventory of new single-family homes remained on par with the previous five months with a seasonally adjusted 144,000 homes available for sale, which translates into a 4.9 months supply of inventory, up from a revised 4.5 months supply the previous month.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 26, 2012 (Chris Moore)

The record low mortgage interest rates in June were a boon for homeowners who wanted to refinance, but they didn’t help the nation’s new home builders as sales of new single-family homes fell in June according to the latest housing data released by the Census Bureau.

Sales of new single-family homes fell 8.4 percent in June to a seasonally adjusted rate of 350,000, down from a sales rate of 382,000 in May. On an unadjusted basis, new home sales declined by 9.1 percent from the previous month.

The rate of sales in June was still 15.1 percent higher than the estimated sales rate of 304,000 units in June of 2011. Sales were also 15.2 percent higher than in June of last year on an unadjusted basis. Through the end of June, new home sales are 20.3 percent higher than at the same time last year.

The median sales price of the new homes sold in June was $232,600, which was down from a revised $237,100 in May. The average sales price for a new home in June was $273,900, down from a revised $278,000 in May.

Seventy-one percent of the new single-family homes sold in June were under $300,000, up from 70 percent in May.

In June of last year, the median sales price of a new home was 3.7 percent higher at $240,200, while the average sales price was 0.03 percent lower at $273,100.

Three of the four national regions posted declines in seasonally adjusted monthly sales led by a 60.0 percent decline in the Midwest, followed by an 8.6 percent decline in the South and an 8.4 percent decline in the Northeast.

The West was the only region to post a gain in homes sales, increasing by 2.1 percent over the previous month.

Compared to a year ago, three of the four regions showed improvement with the West posting the largest increase of 36.1 percent followed by the Midwest at 19.6 percent while the South reported an increase of 6.5 percent and the Northeast was unchanged from the previous month

Inventory of new single-family homes remained on par with the previous five months with a seasonally adjusted 144,000 homes available for sale, which translates into a 4.9 months supply of inventory, up from a revised 4.5 months supply the previous month.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 26, 2012 (Chris Moore)

The record low mortgage interest rates in June were a boon for homeowners who wanted to refinance, but they didn’t help the nation’s new home builders as sales of new single-family homes fell in June according to the latest housing data released by the Census Bureau.

Sales of new single-family homes fell 8.4 percent in June to a seasonally adjusted rate of 350,000, down from a sales rate of 382,000 in May. On an unadjusted basis, new home sales declined by 9.1 percent from the previous month.

The rate of sales in June was still 15.1 percent higher than the estimated sales rate of 304,000 units in June of 2011. Sales were also 15.2 percent higher than in June of last year on an unadjusted basis. Through the end of June, new home sales are 20.3 percent higher than at the same time last year.

The median sales price of the new homes sold in June was $232,600, which was down from a revised $237,100 in May. The average sales price for a new home in June was $273,900, down from a revised $278,000 in May.

Seventy-one percent of the new single-family homes sold in June were under $300,000, up from 70 percent in May.

In June of last year, the median sales price of a new home was 3.7 percent higher at $240,200, while the average sales price was 0.03 percent lower at $273,100.

Three of the four national regions posted declines in seasonally adjusted monthly sales led by a 60.0 percent decline in the Midwest, followed by an 8.6 percent decline in the South and an 8.4 percent decline in the Northeast.

The West was the only region to post a gain in homes sales, increasing by 2.1 percent over the previous month.

Compared to a year ago, three of the four regions showed improvement with the West posting the largest increase of 36.1 percent followed by the Midwest at 19.6 percent while the South reported an increase of 6.5 percent and the Northeast was unchanged from the previous month

Inventory of new single-family homes remained on par with the previous five months with a seasonally adjusted 144,000 homes available for sale, which translates into a 4.9 months supply of inventory, up from a revised 4.5 months supply the previous month.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS