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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.
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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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NAR Says Tight Lending Standards Hurting Existing Home Sales
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
NAR Says Tight Lending Standards Hurting Existing Home Sales
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
NAR Says Tight Lending Standards Hurting Existing Home Sales

May 4, 2011 (Jeff Alan)

Lawrence Yun, chief economist for the National Association of Realtors (NAR), says existing home sales “would be stronger if tight mortgage lending criteria returned to normal, safe standards.” The statement was made in NAR’s recently released Pending Home Sales Index (PHSI) report, which stood at 94.1 in March, but was 11.4 percent lower than March 2010’s reading of 106.2.

However, the PHSI, a forward-looking indicator based on contract signing, rose 5.1 percent to 94.1 in March from 89.5 in February. NAR attributes the yearly decline to elevated contract levels in March and April of 2010 as buyers rushed to meet the contract deadline for the home buyer tax credit.

In the report, Yun states, “Since reaching a cyclical bottom last June, pending home sales have posted an overall gain of 24 percent and demonstrate the market is recovering on its own. The index means modest near-term gains in existing-home sales are likely, which would be even stronger if tight mortgage lending criteria returned to normal, safe standards.”

Pending sales increased in three of the four regions with the Northeast the only region experiencing a decline. The Northeast fell 3.2 percent to 63.4 in March while in the Midwest the index rose 3.0 percent to 83.5. The South increased 10.3 percent to 110.2 and in the West the index increased 3.1 percent to 103.7.

The index in all four regions declined compared to year-over-year comparisons with the Midwest down 18.4 percent, the South is down 10.5 percent, the Midwest saw a decline of 16.6 percent and the West had the smallest decline of 4.1 percent from a year ago.

Yun also said that the good news is that recent home buyers are staying well within budget which has lead to exceptionally low loan default rates from home buyers who have bought their homes in the past two years.

Tags: NAR, PHSI, existing home sales, pending home sales, mortgage lending criteria, home buyers budgets, low default rates

Source:
NAR

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.
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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.
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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.
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May 4, 2011 (Jeff Alan)

Lawrence Yun, chief economist for the National Association of Realtors (NAR), says existing home sales “would be stronger if tight mortgage lending criteria returned to normal, safe standards.” The statement was made in NAR’s recently released Pending Home Sales Index (PHSI) report, which stood at 94.1 in March, but was 11.4 percent lower than March 2010’s reading of 106.2.

However, the PHSI, a forward-looking indicator based on contract signing, rose 5.1 percent to 94.1 in March from 89.5 in February. NAR attributes the yearly decline to elevated contract levels in March and April of 2010 as buyers rushed to meet the contract deadline for the home buyer tax credit.

In the report, Yun states, “Since reaching a cyclical bottom last June, pending home sales have posted an overall gain of 24 percent and demonstrate the market is recovering on its own. The index means modest near-term gains in existing-home sales are likely, which would be even stronger if tight mortgage lending criteria returned to normal, safe standards.”

Pending sales increased in three of the four regions with the Northeast the only region experiencing a decline. The Northeast fell 3.2 percent to 63.4 in March while in the Midwest the index rose 3.0 percent to 83.5. The South increased 10.3 percent to 110.2 and in the West the index increased 3.1 percent to 103.7.

The index in all four regions declined compared to year-over-year comparisons with the Midwest down 18.4 percent, the South is down 10.5 percent, the Midwest saw a decline of 16.6 percent and the West had the smallest decline of 4.1 percent from a year ago.

Yun also said that the good news is that recent home buyers are staying well within budget which has lead to exceptionally low loan default rates from home buyers who have bought their homes in the past two years.

Tags: NAR, PHSI, existing home sales, pending home sales, mortgage lending criteria, home buyers budgets, low default rates

Source:
NAR

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

May 4, 2011 (Jeff Alan)

Lawrence Yun, chief economist for the National Association of Realtors (NAR), says existing home sales “would be stronger if tight mortgage lending criteria returned to normal, safe standards.” The statement was made in NAR’s recently released Pending Home Sales Index (PHSI) report, which stood at 94.1 in March, but was 11.4 percent lower than March 2010’s reading of 106.2.

However, the PHSI, a forward-looking indicator based on contract signing, rose 5.1 percent to 94.1 in March from 89.5 in February. NAR attributes the yearly decline to elevated contract levels in March and April of 2010 as buyers rushed to meet the contract deadline for the home buyer tax credit.

In the report, Yun states, “Since reaching a cyclical bottom last June, pending home sales have posted an overall gain of 24 percent and demonstrate the market is recovering on its own. The index means modest near-term gains in existing-home sales are likely, which would be even stronger if tight mortgage lending criteria returned to normal, safe standards.”

Pending sales increased in three of the four regions with the Northeast the only region experiencing a decline. The Northeast fell 3.2 percent to 63.4 in March while in the Midwest the index rose 3.0 percent to 83.5. The South increased 10.3 percent to 110.2 and in the West the index increased 3.1 percent to 103.7.

The index in all four regions declined compared to year-over-year comparisons with the Midwest down 18.4 percent, the South is down 10.5 percent, the Midwest saw a decline of 16.6 percent and the West had the smallest decline of 4.1 percent from a year ago.

Yun also said that the good news is that recent home buyers are staying well within budget which has lead to exceptionally low loan default rates from home buyers who have bought their homes in the past two years.

Tags: NAR, PHSI, existing home sales, pending home sales, mortgage lending criteria, home buyers budgets, low default rates

Source:
NAR

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