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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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New Home Sales Plummet in January
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
New Home Sales Plummet in January
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
New Home Sales Plummet in January

February 25, 2011 (Chris Moore)
mortgage-jet-nosediving-image
In the latest new home sales report released by the Commerce Department, new single-family homes plummeted 12.6 percent in the month of January to a seasonally adjusted rate of 284,000, a dismal showing following one of the sector’s worst years in half a century.

Overall, new-home sales were down 18.6 percent compared to January 2010. The median sales price for a new home dropped 1.9 percent from December to $230,600. Compared to last January, the median price still was up 5.7 percent.

Two out the four regions, the Northeast and the Midwest, experienced sales increases compared to December 2010, however, sales plummeted in the West by 36.5 percent, while the South saw sales dip 12.8 percent. All regions showed declines from year-over-year sales.

At January’s sales pace, the supply of new homes on the market rose to 7.9 months worth from 7.0 months worth in December. There were 188,000 new homes available for sale last month.

Buyers purchased 322,000 new homes last year, the fewest annual total on record going back 47 years. It was a drop of 14.1 percent from the 375,000 new homes sold in 2009. A glut of foreclosed houses on the market is putting pressure on new home sales, forcing builders to drastically scale back on construction projects.

New-home sales remain at about half the 600,000 a year pace that economists view as healthy.

Tags: Commerce Department, new home sales, single family homes, median sales price, average sales price, construction projects

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.
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.
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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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February 25, 2011 (Chris Moore)
mortgage-jet-nosediving-image
In the latest new home sales report released by the Commerce Department, new single-family homes plummeted 12.6 percent in the month of January to a seasonally adjusted rate of 284,000, a dismal showing following one of the sector’s worst years in half a century.

Overall, new-home sales were down 18.6 percent compared to January 2010. The median sales price for a new home dropped 1.9 percent from December to $230,600. Compared to last January, the median price still was up 5.7 percent.

Two out the four regions, the Northeast and the Midwest, experienced sales increases compared to December 2010, however, sales plummeted in the West by 36.5 percent, while the South saw sales dip 12.8 percent. All regions showed declines from year-over-year sales.

At January’s sales pace, the supply of new homes on the market rose to 7.9 months worth from 7.0 months worth in December. There were 188,000 new homes available for sale last month.

Buyers purchased 322,000 new homes last year, the fewest annual total on record going back 47 years. It was a drop of 14.1 percent from the 375,000 new homes sold in 2009. A glut of foreclosed houses on the market is putting pressure on new home sales, forcing builders to drastically scale back on construction projects.

New-home sales remain at about half the 600,000 a year pace that economists view as healthy.

Tags: Commerce Department, new home sales, single family homes, median sales price, average sales price, construction projects

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

February 25, 2011 (Chris Moore)
mortgage-jet-nosediving-image
In the latest new home sales report released by the Commerce Department, new single-family homes plummeted 12.6 percent in the month of January to a seasonally adjusted rate of 284,000, a dismal showing following one of the sector’s worst years in half a century.

Overall, new-home sales were down 18.6 percent compared to January 2010. The median sales price for a new home dropped 1.9 percent from December to $230,600. Compared to last January, the median price still was up 5.7 percent.

Two out the four regions, the Northeast and the Midwest, experienced sales increases compared to December 2010, however, sales plummeted in the West by 36.5 percent, while the South saw sales dip 12.8 percent. All regions showed declines from year-over-year sales.

At January’s sales pace, the supply of new homes on the market rose to 7.9 months worth from 7.0 months worth in December. There were 188,000 new homes available for sale last month.

Buyers purchased 322,000 new homes last year, the fewest annual total on record going back 47 years. It was a drop of 14.1 percent from the 375,000 new homes sold in 2009. A glut of foreclosed houses on the market is putting pressure on new home sales, forcing builders to drastically scale back on construction projects.

New-home sales remain at about half the 600,000 a year pace that economists view as healthy.

Tags: Commerce Department, new home sales, single family homes, median sales price, average sales price, construction projects

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