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Mortgage Rates Continue Rising
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 Rates Continue Rising
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 Rates Continue Rising

Mortgage interest rates continued to rise this week with fixed rate mortgages seeing the largest gains while adjustable rate mortgages experienced more modest increases according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 16th, 2013.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages increased for a second consecutive week with the 30-year fixed rate mortgage increasing nine basis points this week to 3.51 percent with an average of 0.7 points after rising by seven basis points last week. Mortgage rates for the 30-year fixed mortgage have been under four percent for 60 consecutive weeks. A year ago, the 30-year fixed rate mortgage averaged 3.79 percent.

Average 30-year rates were generally the lowest in the Western portion of the United States where mortgage rates averaged 3.48 percent while the highest rates were reported in the Southeastern area of the country where interest rates averaged 3.53 percent.

The average rate for a 15-year fixed mortgage also increased this week climbing to 2.69 percent with an average of 0.7 points from an average of 2.61 percent last week. Mortgage rates for the 15-year fixed mortgage have been under three percent for 51 consecutive weeks. At this time last year, the 15-year fixed rate mortgage averaged 3.04 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable-rate mortgages were also on the rise this week with the 5-year Treasury-indexed hybrid ARM rising slightly to 2.61 percent, with an average of 0.5 points, up from last week’s average of 2.58 percent. The 5-year adjustable rate mortgage averaged 2.83 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.55 percent with an average of 0.4 points, up from last week’s average of 2.53 percent. A year ago, the 1-year adjustable rate mortgage averaged 2.78 percent.

Freddie Mac PMMS 05-17-13

Tags: 15-year fixed, 30-year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

Reported by Shirley Allen

INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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 interest rates continued to rise this week with fixed rate mortgages seeing the largest gains while adjustable rate mortgages experienced more modest increases according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 16th, 2013.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages increased for a second consecutive week with the 30-year fixed rate mortgage increasing nine basis points this week to 3.51 percent with an average of 0.7 points after rising by seven basis points last week. Mortgage rates for the 30-year fixed mortgage have been under four percent for 60 consecutive weeks. A year ago, the 30-year fixed rate mortgage averaged 3.79 percent.

Average 30-year rates were generally the lowest in the Western portion of the United States where mortgage rates averaged 3.48 percent while the highest rates were reported in the Southeastern area of the country where interest rates averaged 3.53 percent.

The average rate for a 15-year fixed mortgage also increased this week climbing to 2.69 percent with an average of 0.7 points from an average of 2.61 percent last week. Mortgage rates for the 15-year fixed mortgage have been under three percent for 51 consecutive weeks. At this time last year, the 15-year fixed rate mortgage averaged 3.04 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable-rate mortgages were also on the rise this week with the 5-year Treasury-indexed hybrid ARM rising slightly to 2.61 percent, with an average of 0.5 points, up from last week’s average of 2.58 percent. The 5-year adjustable rate mortgage averaged 2.83 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.55 percent with an average of 0.4 points, up from last week’s average of 2.53 percent. A year ago, the 1-year adjustable rate mortgage averaged 2.78 percent.

Freddie Mac PMMS 05-17-13

Tags: 15-year fixed, 30-year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

Reported by Shirley Allen

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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 interest rates continued to rise this week with fixed rate mortgages seeing the largest gains while adjustable rate mortgages experienced more modest increases according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 16th, 2013.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages increased for a second consecutive week with the 30-year fixed rate mortgage increasing nine basis points this week to 3.51 percent with an average of 0.7 points after rising by seven basis points last week. Mortgage rates for the 30-year fixed mortgage have been under four percent for 60 consecutive weeks. A year ago, the 30-year fixed rate mortgage averaged 3.79 percent.

Average 30-year rates were generally the lowest in the Western portion of the United States where mortgage rates averaged 3.48 percent while the highest rates were reported in the Southeastern area of the country where interest rates averaged 3.53 percent.

The average rate for a 15-year fixed mortgage also increased this week climbing to 2.69 percent with an average of 0.7 points from an average of 2.61 percent last week. Mortgage rates for the 15-year fixed mortgage have been under three percent for 51 consecutive weeks. At this time last year, the 15-year fixed rate mortgage averaged 3.04 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable-rate mortgages were also on the rise this week with the 5-year Treasury-indexed hybrid ARM rising slightly to 2.61 percent, with an average of 0.5 points, up from last week’s average of 2.58 percent. The 5-year adjustable rate mortgage averaged 2.83 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.55 percent with an average of 0.4 points, up from last week’s average of 2.53 percent. A year ago, the 1-year adjustable rate mortgage averaged 2.78 percent.

Freddie Mac PMMS 05-17-13

Tags: 15-year fixed, 30-year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

Reported by Shirley Allen

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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.
SEARCH FOR A HOME
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

LoanRateUpdate

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