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Mortgage Applications Bounce Back After Slow Holiday Week
HOW LOANRATEUPDATE WORKS
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WE VERIFY & TRANSMIT TO LENDERS
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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 TAKE IT TO THE NEXT LEVEL?
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Mortgage Applications Bounce Back After Slow Holiday Week
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
Mortgage Applications Bounce Back After Slow Holiday Week

December 7, 2011 (Chris Moore)

Mortgage applications bounced back after the slow Thanksgiving holiday though activity was still below levels reported two weeks ago according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 2, 2011.

The Market Composite Index, a measure of mortgage loan application volume which includes purchase applications and refinance applications, increased a seasonally adjusted 12.8 percent from the previous week.

On an unadjusted basis, the Index increased 60.2 percent from the previous week. The four week moving average for the seasonally adjusted Market Index is down 3.20 percent.

Purchase Applications:

The seasonally adjusted Purchase Index increased 8.3 percent from the previous week. The four week moving average is up 3.33 percent for the adjusted Purchase Index.

The unadjusted Purchase Index increased 47.2 percent compared with the previous week and was 0.8 percent lower than the same week a year ago.

Refinance Applications:

The Refinance Index increased 15.3 percent from the previous week. The four week moving average for the Index is down 5.13 percent.

The refinance share of mortgage activity increased to 76.0 percent of total applications from 73.9 percent the previous week.

Mortgage Interest Rates:

Average Contract Mortgages Rates
(80% loan-to-value)

Type of
Loan

Interest Rate (%)

Points

Effective Rate

Current

Previous

Current

Previous

30-Year FRM Conforming
($417,500 or less)

4.18

4.21

0.48

0.49

Decreased

30-Year FRM Non-Conforming
($417,501 or more)

4.52

4.55

0.47

0.45

Decreased

15-Year FRM

3.53

3.58

0.45

0.45

Decreased

FHA 30-Year

3.98

4.00

0.52

0.62

Decreased

5/1 ARM

3.01

2.98

0.54

0.47

Increased

The adjustable-rate mortgage (ARM) share of activity decreased to 5.7 percent of total applications from 5.8 percent the previous week.

November Mortgage Statistics:

Of the mortgage applications made for home purchases, 85.5 percent were for 30-year fixed rate loans while 6.8 percent were for a 15-year fixed rate loan and 5.9 percent were for an adjustable rate loan.

Of the mortgage applications made by borrowers who refinanced their loans, 52.9 percent applied for a 30-year fixed rate loan, 26.2 applied for a 15-year fixed rate loan, 5.8 percent applied for an adjustable rate loan and 15.1 percent of the applications were for a fixed loan other than a 15- or 30-year term.

This week’s results are based on an enhanced sample which captures more than 75% of all retail and consumer direct channel mortgage applications, compared to 50% previously.

Tags: MBA, home purchase applications, mortgage rates, fixed rate mortgage, adjustable rate mortgage, refinance, interest rate

Sources:
Mortgage Bankers Association

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.
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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

December 7, 2011 (Chris Moore)

Mortgage applications bounced back after the slow Thanksgiving holiday though activity was still below levels reported two weeks ago according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 2, 2011.

The Market Composite Index, a measure of mortgage loan application volume which includes purchase applications and refinance applications, increased a seasonally adjusted 12.8 percent from the previous week.

On an unadjusted basis, the Index increased 60.2 percent from the previous week. The four week moving average for the seasonally adjusted Market Index is down 3.20 percent.

Purchase Applications:

The seasonally adjusted Purchase Index increased 8.3 percent from the previous week. The four week moving average is up 3.33 percent for the adjusted Purchase Index.

The unadjusted Purchase Index increased 47.2 percent compared with the previous week and was 0.8 percent lower than the same week a year ago.

Refinance Applications:

The Refinance Index increased 15.3 percent from the previous week. The four week moving average for the Index is down 5.13 percent.

The refinance share of mortgage activity increased to 76.0 percent of total applications from 73.9 percent the previous week.

Mortgage Interest Rates:

Average Contract Mortgages Rates
(80% loan-to-value)

Type of
Loan

Interest Rate (%)

Points

Effective Rate

Current

Previous

Current

Previous

30-Year FRM Conforming
($417,500 or less)

4.18

4.21

0.48

0.49

Decreased

30-Year FRM Non-Conforming
($417,501 or more)

4.52

4.55

0.47

0.45

Decreased

15-Year FRM

3.53

3.58

0.45

0.45

Decreased

FHA 30-Year

3.98

4.00

0.52

0.62

Decreased

5/1 ARM

3.01

2.98

0.54

0.47

Increased

The adjustable-rate mortgage (ARM) share of activity decreased to 5.7 percent of total applications from 5.8 percent the previous week.

November Mortgage Statistics:

Of the mortgage applications made for home purchases, 85.5 percent were for 30-year fixed rate loans while 6.8 percent were for a 15-year fixed rate loan and 5.9 percent were for an adjustable rate loan.

Of the mortgage applications made by borrowers who refinanced their loans, 52.9 percent applied for a 30-year fixed rate loan, 26.2 applied for a 15-year fixed rate loan, 5.8 percent applied for an adjustable rate loan and 15.1 percent of the applications were for a fixed loan other than a 15- or 30-year term.

This week’s results are based on an enhanced sample which captures more than 75% of all retail and consumer direct channel mortgage applications, compared to 50% previously.

Tags: MBA, home purchase applications, mortgage rates, fixed rate mortgage, adjustable rate mortgage, refinance, interest rate

Sources:
Mortgage Bankers Association

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

December 7, 2011 (Chris Moore)

Mortgage applications bounced back after the slow Thanksgiving holiday though activity was still below levels reported two weeks ago according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 2, 2011.

The Market Composite Index, a measure of mortgage loan application volume which includes purchase applications and refinance applications, increased a seasonally adjusted 12.8 percent from the previous week.

On an unadjusted basis, the Index increased 60.2 percent from the previous week. The four week moving average for the seasonally adjusted Market Index is down 3.20 percent.

Purchase Applications:

The seasonally adjusted Purchase Index increased 8.3 percent from the previous week. The four week moving average is up 3.33 percent for the adjusted Purchase Index.

The unadjusted Purchase Index increased 47.2 percent compared with the previous week and was 0.8 percent lower than the same week a year ago.

Refinance Applications:

The Refinance Index increased 15.3 percent from the previous week. The four week moving average for the Index is down 5.13 percent.

The refinance share of mortgage activity increased to 76.0 percent of total applications from 73.9 percent the previous week.

Mortgage Interest Rates:

Average Contract Mortgages Rates
(80% loan-to-value)

Type of
Loan

Interest Rate (%)

Points

Effective Rate

Current

Previous

Current

Previous

30-Year FRM Conforming
($417,500 or less)

4.18

4.21

0.48

0.49

Decreased

30-Year FRM Non-Conforming
($417,501 or more)

4.52

4.55

0.47

0.45

Decreased

15-Year FRM

3.53

3.58

0.45

0.45

Decreased

FHA 30-Year

3.98

4.00

0.52

0.62

Decreased

5/1 ARM

3.01

2.98

0.54

0.47

Increased

The adjustable-rate mortgage (ARM) share of activity decreased to 5.7 percent of total applications from 5.8 percent the previous week.

November Mortgage Statistics:

Of the mortgage applications made for home purchases, 85.5 percent were for 30-year fixed rate loans while 6.8 percent were for a 15-year fixed rate loan and 5.9 percent were for an adjustable rate loan.

Of the mortgage applications made by borrowers who refinanced their loans, 52.9 percent applied for a 30-year fixed rate loan, 26.2 applied for a 15-year fixed rate loan, 5.8 percent applied for an adjustable rate loan and 15.1 percent of the applications were for a fixed loan other than a 15- or 30-year term.

This week’s results are based on an enhanced sample which captures more than 75% of all retail and consumer direct channel mortgage applications, compared to 50% previously.

Tags: MBA, home purchase applications, mortgage rates, fixed rate mortgage, adjustable rate mortgage, refinance, interest rate

Sources:
Mortgage Bankers Association

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