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READ OUR DISCLOSURE
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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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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.
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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 Tumble
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 Tumble
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 Tumble

Mortgage applications for home purchases remained flat for another week while applications to refinance an existing mortgage plummeted according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 21st, 2014.

The Market Composite Index, which measures mortgage loan application volume including purchase applications and refinance applications, tumbled a seasonally adjusted 8.5 percent last week after declining by 4.1 percent the previous week.

On an unadjusted basis, mortgage loan application volume decreased by seven percent from the previous week.

Purchase Applications:

The seasonally adjusted Purchase Index declined by four percent after posting a six percent decrease the week before and is at its lowest level since 1995. The unadjusted Purchase Index was 0.1 percent higher than the previous week but was still 15 percent lower than at the same time a year ago.

Applications to purchase homes have been at or lower than the previous year’s levels for the past twenty-one weeks.

“Purchase applications were little changed on an unadjusted basis last week, but this is the time of a year we would expect a significant pickup in purchase activity, and we are not yet seeing it,” said Mike Fratantoni, MBA’s Chief Economist.

Refinance Applications:

The Refinance Index declined by 11 percent from the previous week after posting a three percent decline the week before. The refinance share of mortgage activity fell to 58 percent of total applications from 61 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)

4.53

4.50

0.31

0.26

Increased

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

4.47

4.45

0.13

0.11

Increased

15-Year FRM

3.56

3.55

0.28

0.33

Increased

FHA 30-Year

4.17

4.16

0.20

0.14

Increased

5/1 ARM

3.17

3.20

0.31

0.38

Decreased

 
The adjustable-rate mortgage (ARM) share of activity remained at about eight 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

Mortgage applications for home purchases remained flat for another week while applications to refinance an existing mortgage plummeted according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 21st, 2014.

The Market Composite Index, which measures mortgage loan application volume including purchase applications and refinance applications, tumbled a seasonally adjusted 8.5 percent last week after declining by 4.1 percent the previous week.

On an unadjusted basis, mortgage loan application volume decreased by seven percent from the previous week.

Purchase Applications:

The seasonally adjusted Purchase Index declined by four percent after posting a six percent decrease the week before and is at its lowest level since 1995. The unadjusted Purchase Index was 0.1 percent higher than the previous week but was still 15 percent lower than at the same time a year ago.

Applications to purchase homes have been at or lower than the previous year’s levels for the past twenty-one weeks.

“Purchase applications were little changed on an unadjusted basis last week, but this is the time of a year we would expect a significant pickup in purchase activity, and we are not yet seeing it,” said Mike Fratantoni, MBA’s Chief Economist.

Refinance Applications:

The Refinance Index declined by 11 percent from the previous week after posting a three percent decline the week before. The refinance share of mortgage activity fell to 58 percent of total applications from 61 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)

4.53

4.50

0.31

0.26

Increased

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

4.47

4.45

0.13

0.11

Increased

15-Year FRM

3.56

3.55

0.28

0.33

Increased

FHA 30-Year

4.17

4.16

0.20

0.14

Increased

5/1 ARM

3.17

3.20

0.31

0.38

Decreased

 
The adjustable-rate mortgage (ARM) share of activity remained at about eight 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

Mortgage applications for home purchases remained flat for another week while applications to refinance an existing mortgage plummeted according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 21st, 2014.

The Market Composite Index, which measures mortgage loan application volume including purchase applications and refinance applications, tumbled a seasonally adjusted 8.5 percent last week after declining by 4.1 percent the previous week.

On an unadjusted basis, mortgage loan application volume decreased by seven percent from the previous week.

Purchase Applications:

The seasonally adjusted Purchase Index declined by four percent after posting a six percent decrease the week before and is at its lowest level since 1995. The unadjusted Purchase Index was 0.1 percent higher than the previous week but was still 15 percent lower than at the same time a year ago.

Applications to purchase homes have been at or lower than the previous year’s levels for the past twenty-one weeks.

“Purchase applications were little changed on an unadjusted basis last week, but this is the time of a year we would expect a significant pickup in purchase activity, and we are not yet seeing it,” said Mike Fratantoni, MBA’s Chief Economist.

Refinance Applications:

The Refinance Index declined by 11 percent from the previous week after posting a three percent decline the week before. The refinance share of mortgage activity fell to 58 percent of total applications from 61 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)

4.53

4.50

0.31

0.26

Increased

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

4.47

4.45

0.13

0.11

Increased

15-Year FRM

3.56

3.55

0.28

0.33

Increased

FHA 30-Year

4.17

4.16

0.20

0.14

Increased

5/1 ARM

3.17

3.20

0.31

0.38

Decreased

 
The adjustable-rate mortgage (ARM) share of activity remained at about eight 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