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
Mortgage Applications Decline
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
Mortgage Applications Decline
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 Decline

November 17 2010 (Chris Moore)
mortgageapplication
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 14.4 percent on a seasonally adjusted basis from one week earlier, and the Index’s four week moving average is down 2.8 percent. The results do not include an adjustment for Veterans Day.

On an unadjusted basis, the Index decreased 15.4 percent compared with the previous week.

The seasonally adjusted Purchase Index decreased 5.0 percent from one week earlier, the first decrease in three weeks. The four week moving average is up 1.3 percent for the seasonally adjusted Purchase Index. The unadjusted Purchase Index decreased 8.2 percent compared with the previous week and was 11.3 percent lower than the same week one year ago.

Michael Fratantoni, MBA’s Vice President of Research and Economics stated, “Rates increased sharply last week due to stronger economic data and lingering uncertainty regarding the structure and impact of the Fed’s QE2 program. Mortgage applications, particularly for refinances, dropped in response.”

The refinance share of mortgage activity decreased to 80.3 percent of total applications from 81.7 percent the previous week, a decrease of 16.5 percent from the previous week. That is at the lowest level observed since July of this year. The adjustable-rate mortgage (ARM) share of activity remained at 5.3 percent of total applications.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.46 percent from 4.28 percent, with points increasing to 1.13 from 1.05 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate increased from last week and is the highest observed since September.

The average contract interest rate for 15-year fixed-rate increased to 3.87 percent from 3.64 percent last week, with points decreasing to 0.91 from 1.08 (including the origination fee) for 80 percent LTV loans. The effective rate also increased from last week.

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

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

November 17 2010 (Chris Moore)
mortgageapplication
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 14.4 percent on a seasonally adjusted basis from one week earlier, and the Index’s four week moving average is down 2.8 percent. The results do not include an adjustment for Veterans Day.

On an unadjusted basis, the Index decreased 15.4 percent compared with the previous week.

The seasonally adjusted Purchase Index decreased 5.0 percent from one week earlier, the first decrease in three weeks. The four week moving average is up 1.3 percent for the seasonally adjusted Purchase Index. The unadjusted Purchase Index decreased 8.2 percent compared with the previous week and was 11.3 percent lower than the same week one year ago.

Michael Fratantoni, MBA’s Vice President of Research and Economics stated, “Rates increased sharply last week due to stronger economic data and lingering uncertainty regarding the structure and impact of the Fed’s QE2 program. Mortgage applications, particularly for refinances, dropped in response.”

The refinance share of mortgage activity decreased to 80.3 percent of total applications from 81.7 percent the previous week, a decrease of 16.5 percent from the previous week. That is at the lowest level observed since July of this year. The adjustable-rate mortgage (ARM) share of activity remained at 5.3 percent of total applications.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.46 percent from 4.28 percent, with points increasing to 1.13 from 1.05 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate increased from last week and is the highest observed since September.

The average contract interest rate for 15-year fixed-rate increased to 3.87 percent from 3.64 percent last week, with points decreasing to 0.91 from 1.08 (including the origination fee) for 80 percent LTV loans. The effective rate also increased from last week.

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

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

November 17 2010 (Chris Moore)
mortgageapplication
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 14.4 percent on a seasonally adjusted basis from one week earlier, and the Index’s four week moving average is down 2.8 percent. The results do not include an adjustment for Veterans Day.

On an unadjusted basis, the Index decreased 15.4 percent compared with the previous week.

The seasonally adjusted Purchase Index decreased 5.0 percent from one week earlier, the first decrease in three weeks. The four week moving average is up 1.3 percent for the seasonally adjusted Purchase Index. The unadjusted Purchase Index decreased 8.2 percent compared with the previous week and was 11.3 percent lower than the same week one year ago.

Michael Fratantoni, MBA’s Vice President of Research and Economics stated, “Rates increased sharply last week due to stronger economic data and lingering uncertainty regarding the structure and impact of the Fed’s QE2 program. Mortgage applications, particularly for refinances, dropped in response.”

The refinance share of mortgage activity decreased to 80.3 percent of total applications from 81.7 percent the previous week, a decrease of 16.5 percent from the previous week. That is at the lowest level observed since July of this year. The adjustable-rate mortgage (ARM) share of activity remained at 5.3 percent of total applications.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.46 percent from 4.28 percent, with points increasing to 1.13 from 1.05 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate increased from last week and is the highest observed since September.

The average contract interest rate for 15-year fixed-rate increased to 3.87 percent from 3.64 percent last week, with points decreasing to 0.91 from 1.08 (including the origination fee) for 80 percent LTV loans. The effective rate also increased from last week.

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

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