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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Mortgage Applications Remain Steady
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Mortgage Applications Remain Steady
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 Remain Steady

An increase in applications to refinance current mortgages gave a very slight boost to the total number of applications reported last week while applications for home purchases continued to slump according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 11th, 2013.

The Market Composite Index, which measures mortgage loan application volume including purchase applications and refinance applications, increased 0.3 percent last week and follows a 1.3 percent increase the week before.

On an unadjusted basis, mortgage loan application volume increased by 0.4 percent from the previous week after increasing by one percent the week before.

Purchase Applications:

The seasonally adjusted Purchase Index fell by five percent after posting a one percent decline the week before. The unadjusted Purchase Index was also five percent lower than the previous week and was one percent lower than during the same period last year. It was the third consecutive week that mortgage applications for home purchases fell below the previous year’s levels.

Refinance Applications:

The Refinance Index increased by three percent from the previous week for the third consecutive week. The refinance share of mortgage activity increased to 66 percent of total applications from 64 percent the week before.

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)

4.46

4.42

0.31

0.44

Increased

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

4.51

4.45

0.15

0.21

Increased

15-Year FRM

3.53

3.52

0.31

0.34

Increased

FHA 30-Year

4.16

4.15

0.44

0.37

Increased

5/1 ARM

3.25

3.25

0.32

0.29

Increased

 
The adjustable-rate mortgage (ARM) share of activity remained at around six percent of total applications.

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

Source:
Mortgage Bankers Association

Reported by Chris Moore

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

An increase in applications to refinance current mortgages gave a very slight boost to the total number of applications reported last week while applications for home purchases continued to slump according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 11th, 2013.

The Market Composite Index, which measures mortgage loan application volume including purchase applications and refinance applications, increased 0.3 percent last week and follows a 1.3 percent increase the week before.

On an unadjusted basis, mortgage loan application volume increased by 0.4 percent from the previous week after increasing by one percent the week before.

Purchase Applications:

The seasonally adjusted Purchase Index fell by five percent after posting a one percent decline the week before. The unadjusted Purchase Index was also five percent lower than the previous week and was one percent lower than during the same period last year. It was the third consecutive week that mortgage applications for home purchases fell below the previous year’s levels.

Refinance Applications:

The Refinance Index increased by three percent from the previous week for the third consecutive week. The refinance share of mortgage activity increased to 66 percent of total applications from 64 percent the week before.

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)

4.46

4.42

0.31

0.44

Increased

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

4.51

4.45

0.15

0.21

Increased

15-Year FRM

3.53

3.52

0.31

0.34

Increased

FHA 30-Year

4.16

4.15

0.44

0.37

Increased

5/1 ARM

3.25

3.25

0.32

0.29

Increased

 
The adjustable-rate mortgage (ARM) share of activity remained at around six percent of total applications.

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

Source:
Mortgage Bankers Association

Reported by Chris Moore

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

An increase in applications to refinance current mortgages gave a very slight boost to the total number of applications reported last week while applications for home purchases continued to slump according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 11th, 2013.

The Market Composite Index, which measures mortgage loan application volume including purchase applications and refinance applications, increased 0.3 percent last week and follows a 1.3 percent increase the week before.

On an unadjusted basis, mortgage loan application volume increased by 0.4 percent from the previous week after increasing by one percent the week before.

Purchase Applications:

The seasonally adjusted Purchase Index fell by five percent after posting a one percent decline the week before. The unadjusted Purchase Index was also five percent lower than the previous week and was one percent lower than during the same period last year. It was the third consecutive week that mortgage applications for home purchases fell below the previous year’s levels.

Refinance Applications:

The Refinance Index increased by three percent from the previous week for the third consecutive week. The refinance share of mortgage activity increased to 66 percent of total applications from 64 percent the week before.

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)

4.46

4.42

0.31

0.44

Increased

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

4.51

4.45

0.15

0.21

Increased

15-Year FRM

3.53

3.52

0.31

0.34

Increased

FHA 30-Year

4.16

4.15

0.44

0.37

Increased

5/1 ARM

3.25

3.25

0.32

0.29

Increased

 
The adjustable-rate mortgage (ARM) share of activity remained at around six percent of total applications.

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

Source:
Mortgage Bankers Association

Reported by Chris Moore

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