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READ OUR DISCLOSURE
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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.
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LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Spring/Summer Selling Season Not Looking Good
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
Spring/Summer Selling Season Not Looking Good
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
Spring/Summer Selling Season Not Looking Good

June 21, 2011 (Chris Moore)

The Spring/Summer selling season, which has already gotten off to a sputtering start, may take a downward turn in the coming months according to the latest Campbell/Inside Finance HousingPulse Tracking Survey as homebuyer traffic tumbled in May.

Data from the survey shows that the index for first-time homebuyer traffic dropped to 45.3 in May from 51.7 in April. In addition, the traffic index for current homeowners dropped to 44.8 in May from 51.6 in April.

An index value of less than 50 indicates a decrease in traffic. In the prior three months, the index for both first-time homebuyers and current homeowners had been above 50, indicating an increase in homebuyer traffic.

The proportion of first-time homebuyers increased from 35.7 percent in April to 37.3 percent in May, while investors accounted for 21.6 percent of the housing market in May, which was down from 23.0 percent in April.

The Survey’s Distressed Property Index (DPI) fell to 46.7 percent in April, although distress property sales still accounted for nearly half of the homes on the market.

The gap between first-time homebuyers and the distressed property supply declined to 9.4 percentage points in May compared to 12.0 percentage points in April. The difference in the gap is important because unlike current home owners who are move up and move down buyers and thus don’t absorb any housing, they’re just trading a house for a house, first-time homeowners absorb housing supply and when the supply of distressed properties exceeds the demand from those first-time homebuyers, investors will step into the market and purchase the excess housing inventory at discount prices, which puts further downward pressure on home prices.

“The fall in homebuyer traffic indexes and other data show that this spring-summer home-buying season will be significantly below last year’s,” said Thomas Popik, research director for Campbell Surveys. “First-time homebuyers have difficulty getting mortgage financing and current homeowners are often locked into properties with negative home equity. That leaves investors to take up the slack.”

The survey found that 74 percent of the purchases made by investors were made by cash, but as more investors move away from flipping their properties to a hold-and-rent strategy, their sources of personal funding that are used to purchase homes for cash was drying up, which will force them to rely on bank financing that many have limited access to.

Tags: Campbell/Inside Mortgage Finance, HousingPulse Tracking Survey, Distressed Property Index, distressed properties, first-time homebuyers, distressed properties, investors, bargain basement prices

Source:
Campbell/Inside Mortgage Finance

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

June 21, 2011 (Chris Moore)

The Spring/Summer selling season, which has already gotten off to a sputtering start, may take a downward turn in the coming months according to the latest Campbell/Inside Finance HousingPulse Tracking Survey as homebuyer traffic tumbled in May.

Data from the survey shows that the index for first-time homebuyer traffic dropped to 45.3 in May from 51.7 in April. In addition, the traffic index for current homeowners dropped to 44.8 in May from 51.6 in April.

An index value of less than 50 indicates a decrease in traffic. In the prior three months, the index for both first-time homebuyers and current homeowners had been above 50, indicating an increase in homebuyer traffic.

The proportion of first-time homebuyers increased from 35.7 percent in April to 37.3 percent in May, while investors accounted for 21.6 percent of the housing market in May, which was down from 23.0 percent in April.

The Survey’s Distressed Property Index (DPI) fell to 46.7 percent in April, although distress property sales still accounted for nearly half of the homes on the market.

The gap between first-time homebuyers and the distressed property supply declined to 9.4 percentage points in May compared to 12.0 percentage points in April. The difference in the gap is important because unlike current home owners who are move up and move down buyers and thus don’t absorb any housing, they’re just trading a house for a house, first-time homeowners absorb housing supply and when the supply of distressed properties exceeds the demand from those first-time homebuyers, investors will step into the market and purchase the excess housing inventory at discount prices, which puts further downward pressure on home prices.

“The fall in homebuyer traffic indexes and other data show that this spring-summer home-buying season will be significantly below last year’s,” said Thomas Popik, research director for Campbell Surveys. “First-time homebuyers have difficulty getting mortgage financing and current homeowners are often locked into properties with negative home equity. That leaves investors to take up the slack.”

The survey found that 74 percent of the purchases made by investors were made by cash, but as more investors move away from flipping their properties to a hold-and-rent strategy, their sources of personal funding that are used to purchase homes for cash was drying up, which will force them to rely on bank financing that many have limited access to.

Tags: Campbell/Inside Mortgage Finance, HousingPulse Tracking Survey, Distressed Property Index, distressed properties, first-time homebuyers, distressed properties, investors, bargain basement prices

Source:
Campbell/Inside Mortgage Finance

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

June 21, 2011 (Chris Moore)

The Spring/Summer selling season, which has already gotten off to a sputtering start, may take a downward turn in the coming months according to the latest Campbell/Inside Finance HousingPulse Tracking Survey as homebuyer traffic tumbled in May.

Data from the survey shows that the index for first-time homebuyer traffic dropped to 45.3 in May from 51.7 in April. In addition, the traffic index for current homeowners dropped to 44.8 in May from 51.6 in April.

An index value of less than 50 indicates a decrease in traffic. In the prior three months, the index for both first-time homebuyers and current homeowners had been above 50, indicating an increase in homebuyer traffic.

The proportion of first-time homebuyers increased from 35.7 percent in April to 37.3 percent in May, while investors accounted for 21.6 percent of the housing market in May, which was down from 23.0 percent in April.

The Survey’s Distressed Property Index (DPI) fell to 46.7 percent in April, although distress property sales still accounted for nearly half of the homes on the market.

The gap between first-time homebuyers and the distressed property supply declined to 9.4 percentage points in May compared to 12.0 percentage points in April. The difference in the gap is important because unlike current home owners who are move up and move down buyers and thus don’t absorb any housing, they’re just trading a house for a house, first-time homeowners absorb housing supply and when the supply of distressed properties exceeds the demand from those first-time homebuyers, investors will step into the market and purchase the excess housing inventory at discount prices, which puts further downward pressure on home prices.

“The fall in homebuyer traffic indexes and other data show that this spring-summer home-buying season will be significantly below last year’s,” said Thomas Popik, research director for Campbell Surveys. “First-time homebuyers have difficulty getting mortgage financing and current homeowners are often locked into properties with negative home equity. That leaves investors to take up the slack.”

The survey found that 74 percent of the purchases made by investors were made by cash, but as more investors move away from flipping their properties to a hold-and-rent strategy, their sources of personal funding that are used to purchase homes for cash was drying up, which will force them to rely on bank financing that many have limited access to.

Tags: Campbell/Inside Mortgage Finance, HousingPulse Tracking Survey, Distressed Property Index, distressed properties, first-time homebuyers, distressed properties, investors, bargain basement prices

Source:
Campbell/Inside Mortgage Finance

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