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 Shrug Off Turmoil Posting New Lows for 2011
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 Shrug Off Turmoil Posting New Lows for 2011
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 Shrug Off Turmoil Posting New Lows for 2011

August 12, 2011 (Shirley Allen)

Mortgage interest rates followed Treasury yields to their lowest level in 2011 with the 15 year fixed-rate mortgage and the 5-year and 1-year ARMs reaching historic lows, shrugging off last weeks debt crisis and credit downgrade according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs posted another round of new 2011 lows with the 30 year FRM averaging 4.32 percent with an average of 0.7 points, down from 4.39 percent reported the previous week. The 30 year FRM averaged 4.44 percent a year earlier.

The 15 year FRM set another historic low averaging 3.50 percent this week with an average 0.7 points, down from 3.54 percent reported the previous week, and down from 3.92 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates both hit record lows with the 5-year Treasury-indexed hybrid ARM averaging 3.13 percent, with an average of 0.5 points, which was down from 3.18 percent the previous week. The 5 year ARM averaged 3.56 percent a year earlier.

The 1-year Treasury-indexed ARM averaged 2.89 percent this week with an average of 0.5 points, down from 3.02 percent the previous week. A year ago, the 1 year ARM averaged 3.53 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Renewed market concerns about the European debt markets led investors to shift funds into U.S. Treasuries, pushing long-term yields lower. Further, in its August 9th Federal Open Market Committee statement, the Federal Reserve noted that economic growth so far this year had been considerably slower than it expected and that overall labor market conditions had deteriorated in recent months, leading the Committee to conclude that an exceptionally low federal funds rate should be maintained at least through mid-2013. These developments helped to ease mortgage rates lower this week.”

“Lower mortgage rates will help to maintain the high degree of home-buyer affordability in the market. The National Association of Realtors® reported that its affordability index over the past three quarters has indicated the highest affordability since the inception of the index in 1970,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.32 4.33 4.38 4.32 4.34 4.26
Fees & Points 0.7 0.6 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.50 3.50 3.59 3.48 3.59 3.43
Fees & Points 0.7 0.6 0.8 0.4 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.13 3.24 3.08 3.20 3.20 3.00
Fees & Points 0.5 0.4 0.7 0.4 0.6 0.7
Margin 2.74 2.74 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.89 2.99 2.75 3.08 3.00 2.70
Fees & Points 0.5 0.6 0.6 0.4 0.8 0.5
Margin 2.76 2.78 2.75 2.73 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 4.44   3.92   3.56   3.53   4.39   3.54   3.18   3.02  
Fees & Points 0.7   0.6   0.7   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.74   2.77   N/A N/A 2.70   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

August 12, 2011 (Shirley Allen)

Mortgage interest rates followed Treasury yields to their lowest level in 2011 with the 15 year fixed-rate mortgage and the 5-year and 1-year ARMs reaching historic lows, shrugging off last weeks debt crisis and credit downgrade according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs posted another round of new 2011 lows with the 30 year FRM averaging 4.32 percent with an average of 0.7 points, down from 4.39 percent reported the previous week. The 30 year FRM averaged 4.44 percent a year earlier.

The 15 year FRM set another historic low averaging 3.50 percent this week with an average 0.7 points, down from 3.54 percent reported the previous week, and down from 3.92 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates both hit record lows with the 5-year Treasury-indexed hybrid ARM averaging 3.13 percent, with an average of 0.5 points, which was down from 3.18 percent the previous week. The 5 year ARM averaged 3.56 percent a year earlier.

The 1-year Treasury-indexed ARM averaged 2.89 percent this week with an average of 0.5 points, down from 3.02 percent the previous week. A year ago, the 1 year ARM averaged 3.53 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Renewed market concerns about the European debt markets led investors to shift funds into U.S. Treasuries, pushing long-term yields lower. Further, in its August 9th Federal Open Market Committee statement, the Federal Reserve noted that economic growth so far this year had been considerably slower than it expected and that overall labor market conditions had deteriorated in recent months, leading the Committee to conclude that an exceptionally low federal funds rate should be maintained at least through mid-2013. These developments helped to ease mortgage rates lower this week.”

“Lower mortgage rates will help to maintain the high degree of home-buyer affordability in the market. The National Association of Realtors® reported that its affordability index over the past three quarters has indicated the highest affordability since the inception of the index in 1970,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.32 4.33 4.38 4.32 4.34 4.26
Fees & Points 0.7 0.6 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.50 3.50 3.59 3.48 3.59 3.43
Fees & Points 0.7 0.6 0.8 0.4 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.13 3.24 3.08 3.20 3.20 3.00
Fees & Points 0.5 0.4 0.7 0.4 0.6 0.7
Margin 2.74 2.74 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.89 2.99 2.75 3.08 3.00 2.70
Fees & Points 0.5 0.6 0.6 0.4 0.8 0.5
Margin 2.76 2.78 2.75 2.73 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 4.44   3.92   3.56   3.53   4.39   3.54   3.18   3.02  
Fees & Points 0.7   0.6   0.7   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.74   2.77   N/A N/A 2.70   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

August 12, 2011 (Shirley Allen)

Mortgage interest rates followed Treasury yields to their lowest level in 2011 with the 15 year fixed-rate mortgage and the 5-year and 1-year ARMs reaching historic lows, shrugging off last weeks debt crisis and credit downgrade according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs posted another round of new 2011 lows with the 30 year FRM averaging 4.32 percent with an average of 0.7 points, down from 4.39 percent reported the previous week. The 30 year FRM averaged 4.44 percent a year earlier.

The 15 year FRM set another historic low averaging 3.50 percent this week with an average 0.7 points, down from 3.54 percent reported the previous week, and down from 3.92 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates both hit record lows with the 5-year Treasury-indexed hybrid ARM averaging 3.13 percent, with an average of 0.5 points, which was down from 3.18 percent the previous week. The 5 year ARM averaged 3.56 percent a year earlier.

The 1-year Treasury-indexed ARM averaged 2.89 percent this week with an average of 0.5 points, down from 3.02 percent the previous week. A year ago, the 1 year ARM averaged 3.53 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Renewed market concerns about the European debt markets led investors to shift funds into U.S. Treasuries, pushing long-term yields lower. Further, in its August 9th Federal Open Market Committee statement, the Federal Reserve noted that economic growth so far this year had been considerably slower than it expected and that overall labor market conditions had deteriorated in recent months, leading the Committee to conclude that an exceptionally low federal funds rate should be maintained at least through mid-2013. These developments helped to ease mortgage rates lower this week.”

“Lower mortgage rates will help to maintain the high degree of home-buyer affordability in the market. The National Association of Realtors® reported that its affordability index over the past three quarters has indicated the highest affordability since the inception of the index in 1970,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.32 4.33 4.38 4.32 4.34 4.26
Fees & Points 0.7 0.6 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.50 3.50 3.59 3.48 3.59 3.43
Fees & Points 0.7 0.6 0.8 0.4 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.13 3.24 3.08 3.20 3.20 3.00
Fees & Points 0.5 0.4 0.7 0.4 0.6 0.7
Margin 2.74 2.74 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.89 2.99 2.75 3.08 3.00 2.70
Fees & Points 0.5 0.6 0.6 0.4 0.8 0.5
Margin 2.76 2.78 2.75 2.73 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 4.44   3.92   3.56   3.53   4.39   3.54   3.18   3.02  
Fees & Points 0.7   0.6   0.7   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.74   2.77   N/A N/A 2.70   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