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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
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Mortgage Rates Hit New Lows Again This 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.
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 Rates Hit New Lows Again This 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 Rates Hit New Lows Again This Week

December 22, 2011 (Shirley Allen)

Interest rates for 30-year fixed rate mortgages along with the 5-year and 1-year ARMs fell to record lows this week while the 15-year fixed rate mortgage matched last week’s record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 22nd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages either matched or set new record lows again this week with the 30-year fixed rate mortgage setting a new record low averaging 3.91 percent with an average of 0.7 points, down from last week’s average of 3.94 percent. A year ago the 30-year fixed rate mortgage averaged 4.81 percent.

It was the also eighth consecutive week that 30-year fixed mortgage rates have been four percent or lower.

The 15-year fixed rate mortgage matched last week’s record low averaging 3.21 percent with an average of 0.8 points. At this time last year, the 15-year fixed rate mortgage averaged 4.15 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also dipped to new lows this week with the 5-year Treasury-indexed hybrid ARM setting another record low averaging 2.85 percent, down from 2.86 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.75 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage reached its new low this week averaging 2.77 percent with an average of 0.6 points, down from 2.81 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year, which means that today’s homebuyers are paying over $1,200 less per year on a $200,000 loan. This greater affordability helped push existing home sales higher for the second consecutive month in November to an annualized pace of 4.42 million, the most since January. In addition, new construction of one-family homes also showed a back-to-back monthly gain in November to the largest increase since June. Moreover, homebuilder confidence in December rose to its highest reading since May 2010 according to the NAHB/Wells Fargo Housing Market Index.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.91 3.92 3.97 3.90 3.95 3.85
Fees & Points 0.7 0.7 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.21 3.24 3.23 3.19 3.27 3.17
Fees & Points 0.8 0.7 0.9 0.6 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.85 2.91 2.80 3.01 2.87 2.71
Fees & Points 0.6 0.6 0.7 0.4 0.7 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.77 2.88 2.64 3.02 2.63 2.64
Fees & Points 0.6 0.6 0.6 0.5 0.6 0.5
Margin 2.75 2.78 2.75 2.71 2.77 2.75

The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.81   4.15   3.75   3.40   3.94   3.21   2.86   2.81  
Fees & Points 0.7   0.7   0.6   0.7   0.8   0.8   0.6   0.6  
Margin N/A N/A 2.75   2.76   N/A N/A 2.75   2.76  

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

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 22, 2011 (Shirley Allen)

Interest rates for 30-year fixed rate mortgages along with the 5-year and 1-year ARMs fell to record lows this week while the 15-year fixed rate mortgage matched last week’s record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 22nd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages either matched or set new record lows again this week with the 30-year fixed rate mortgage setting a new record low averaging 3.91 percent with an average of 0.7 points, down from last week’s average of 3.94 percent. A year ago the 30-year fixed rate mortgage averaged 4.81 percent.

It was the also eighth consecutive week that 30-year fixed mortgage rates have been four percent or lower.

The 15-year fixed rate mortgage matched last week’s record low averaging 3.21 percent with an average of 0.8 points. At this time last year, the 15-year fixed rate mortgage averaged 4.15 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also dipped to new lows this week with the 5-year Treasury-indexed hybrid ARM setting another record low averaging 2.85 percent, down from 2.86 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.75 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage reached its new low this week averaging 2.77 percent with an average of 0.6 points, down from 2.81 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year, which means that today’s homebuyers are paying over $1,200 less per year on a $200,000 loan. This greater affordability helped push existing home sales higher for the second consecutive month in November to an annualized pace of 4.42 million, the most since January. In addition, new construction of one-family homes also showed a back-to-back monthly gain in November to the largest increase since June. Moreover, homebuilder confidence in December rose to its highest reading since May 2010 according to the NAHB/Wells Fargo Housing Market Index.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.91 3.92 3.97 3.90 3.95 3.85
Fees & Points 0.7 0.7 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.21 3.24 3.23 3.19 3.27 3.17
Fees & Points 0.8 0.7 0.9 0.6 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.85 2.91 2.80 3.01 2.87 2.71
Fees & Points 0.6 0.6 0.7 0.4 0.7 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.77 2.88 2.64 3.02 2.63 2.64
Fees & Points 0.6 0.6 0.6 0.5 0.6 0.5
Margin 2.75 2.78 2.75 2.71 2.77 2.75

The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.81   4.15   3.75   3.40   3.94   3.21   2.86   2.81  
Fees & Points 0.7   0.7   0.6   0.7   0.8   0.8   0.6   0.6  
Margin N/A N/A 2.75   2.76   N/A N/A 2.75   2.76  

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

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 22, 2011 (Shirley Allen)

Interest rates for 30-year fixed rate mortgages along with the 5-year and 1-year ARMs fell to record lows this week while the 15-year fixed rate mortgage matched last week’s record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 22nd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages either matched or set new record lows again this week with the 30-year fixed rate mortgage setting a new record low averaging 3.91 percent with an average of 0.7 points, down from last week’s average of 3.94 percent. A year ago the 30-year fixed rate mortgage averaged 4.81 percent.

It was the also eighth consecutive week that 30-year fixed mortgage rates have been four percent or lower.

The 15-year fixed rate mortgage matched last week’s record low averaging 3.21 percent with an average of 0.8 points. At this time last year, the 15-year fixed rate mortgage averaged 4.15 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also dipped to new lows this week with the 5-year Treasury-indexed hybrid ARM setting another record low averaging 2.85 percent, down from 2.86 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.75 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage reached its new low this week averaging 2.77 percent with an average of 0.6 points, down from 2.81 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year, which means that today’s homebuyers are paying over $1,200 less per year on a $200,000 loan. This greater affordability helped push existing home sales higher for the second consecutive month in November to an annualized pace of 4.42 million, the most since January. In addition, new construction of one-family homes also showed a back-to-back monthly gain in November to the largest increase since June. Moreover, homebuilder confidence in December rose to its highest reading since May 2010 according to the NAHB/Wells Fargo Housing Market Index.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.91 3.92 3.97 3.90 3.95 3.85
Fees & Points 0.7 0.7 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.21 3.24 3.23 3.19 3.27 3.17
Fees & Points 0.8 0.7 0.9 0.6 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.85 2.91 2.80 3.01 2.87 2.71
Fees & Points 0.6 0.6 0.7 0.4 0.7 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.77 2.88 2.64 3.02 2.63 2.64
Fees & Points 0.6 0.6 0.6 0.5 0.6 0.5
Margin 2.75 2.78 2.75 2.71 2.77 2.75

The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.81   4.15   3.75   3.40   3.94   3.21   2.86   2.81  
Fees & Points 0.7   0.7   0.6   0.7   0.8   0.8   0.6   0.6  
Margin N/A N/A 2.75   2.76   N/A N/A 2.75   2.76  

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

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