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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.
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Weakening Economy Pushes Mortgage Interest Rates Lower
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
Weakening Economy Pushes Mortgage Interest Rates Lower
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
Weakening Economy Pushes Mortgage Interest Rates Lower

June 2, 2011 (Shirley Allen)

Mortgage interest rates continued their downward trend for the seventh consecutive week, hitting new lows for the year and reflecting continuing concerns of a weakening economy and housing market according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending June 2, 2011.

Fixed Rate Mortgages (FRM):

Both the 30 year and the 15 year FRMs continued to decline with the 30 year FRM reaching an average of 4.55 percent with an average 0.6 points, down from an average 4.60 percent last week and down from 4.79 percent a year earlier.

The 15 year FRM averaged 3.74 this week with an average 0.7 points, down from an average of 3.78 last week and down from 4.20 percent a year ago

Adjustable Rate Mortgages (ARM):

ARMs were mixed this week as the 5-year Treasury-indexed hybrid ARM maintained the same interest rate of 3.41 percent as the previous week, with an average of 0.6 points. The 5-year ARM averaged 3.94 percent a year earlier.

The 1-year Treasury-indexed ARM increased this week to 3.13 percent from 3.11 percent the previous week with an average of 0.6 points. A year ago, the 1-year ARM averaged 3.95 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates followed U.S. Treasury yields lower this week amid financial market concerns that the current lull in the economy is continuing. First quarter growth in consumer spending was revised downward by half of a percentage point to 2.2 percent, according to the Bureau of Economic Activity, consumer confidence in May was weaker than the market consensus forecast, and the manufacturing industry slowed for the third straight month in May.”

“The housing market is showing strain as well. The S&P/Case-Shiller® National Home Price Index fell 5.1 percent between the first quarters of 2010 and 2011, representing the largest annual decline since the third quarter of 2009. In addition, the index of pending existing home sales dropped 11.6 percent from March to April, led by the Midwest and South regions where the tornados and flooding occurred,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.55 4.58 4.57 4.56 4.55 4.50
Fees & Points 0.6 0.6 0.8 0.6 0.6 0.6

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.74 3.77 3.75 3.75 3.81 3.68
Fees & Points 0.7 0.7 0.9 0.6 0.7 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.41 3.50 3.39 3.41 3.36 3.35
Fees & Points 0.6 0.6 0.7 0.4 0.6 0.7
Margin 2.74 2.75 2.75 2.72 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.13 3.40 2.88 3.50 3.00 2.86
Fees & Points 0.6 0.7 0.5 0.4 0.8 0.5
Margin 2.76 2.80 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 4.79   4.20   3.94   3.95   4.60   3.78   3.41   3.11  
Fees & Points 0.8   0.7   0.7   0.7   0.7   0.7   0.5   0.5  
Margin N/A N/A 2.74   2.75   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates

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

June 2, 2011 (Shirley Allen)

Mortgage interest rates continued their downward trend for the seventh consecutive week, hitting new lows for the year and reflecting continuing concerns of a weakening economy and housing market according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending June 2, 2011.

Fixed Rate Mortgages (FRM):

Both the 30 year and the 15 year FRMs continued to decline with the 30 year FRM reaching an average of 4.55 percent with an average 0.6 points, down from an average 4.60 percent last week and down from 4.79 percent a year earlier.

The 15 year FRM averaged 3.74 this week with an average 0.7 points, down from an average of 3.78 last week and down from 4.20 percent a year ago

Adjustable Rate Mortgages (ARM):

ARMs were mixed this week as the 5-year Treasury-indexed hybrid ARM maintained the same interest rate of 3.41 percent as the previous week, with an average of 0.6 points. The 5-year ARM averaged 3.94 percent a year earlier.

The 1-year Treasury-indexed ARM increased this week to 3.13 percent from 3.11 percent the previous week with an average of 0.6 points. A year ago, the 1-year ARM averaged 3.95 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates followed U.S. Treasury yields lower this week amid financial market concerns that the current lull in the economy is continuing. First quarter growth in consumer spending was revised downward by half of a percentage point to 2.2 percent, according to the Bureau of Economic Activity, consumer confidence in May was weaker than the market consensus forecast, and the manufacturing industry slowed for the third straight month in May.”

“The housing market is showing strain as well. The S&P/Case-Shiller® National Home Price Index fell 5.1 percent between the first quarters of 2010 and 2011, representing the largest annual decline since the third quarter of 2009. In addition, the index of pending existing home sales dropped 11.6 percent from March to April, led by the Midwest and South regions where the tornados and flooding occurred,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.55 4.58 4.57 4.56 4.55 4.50
Fees & Points 0.6 0.6 0.8 0.6 0.6 0.6

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.74 3.77 3.75 3.75 3.81 3.68
Fees & Points 0.7 0.7 0.9 0.6 0.7 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.41 3.50 3.39 3.41 3.36 3.35
Fees & Points 0.6 0.6 0.7 0.4 0.6 0.7
Margin 2.74 2.75 2.75 2.72 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.13 3.40 2.88 3.50 3.00 2.86
Fees & Points 0.6 0.7 0.5 0.4 0.8 0.5
Margin 2.76 2.80 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 4.79   4.20   3.94   3.95   4.60   3.78   3.41   3.11  
Fees & Points 0.8   0.7   0.7   0.7   0.7   0.7   0.5   0.5  
Margin N/A N/A 2.74   2.75   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates

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

June 2, 2011 (Shirley Allen)

Mortgage interest rates continued their downward trend for the seventh consecutive week, hitting new lows for the year and reflecting continuing concerns of a weakening economy and housing market according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending June 2, 2011.

Fixed Rate Mortgages (FRM):

Both the 30 year and the 15 year FRMs continued to decline with the 30 year FRM reaching an average of 4.55 percent with an average 0.6 points, down from an average 4.60 percent last week and down from 4.79 percent a year earlier.

The 15 year FRM averaged 3.74 this week with an average 0.7 points, down from an average of 3.78 last week and down from 4.20 percent a year ago

Adjustable Rate Mortgages (ARM):

ARMs were mixed this week as the 5-year Treasury-indexed hybrid ARM maintained the same interest rate of 3.41 percent as the previous week, with an average of 0.6 points. The 5-year ARM averaged 3.94 percent a year earlier.

The 1-year Treasury-indexed ARM increased this week to 3.13 percent from 3.11 percent the previous week with an average of 0.6 points. A year ago, the 1-year ARM averaged 3.95 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates followed U.S. Treasury yields lower this week amid financial market concerns that the current lull in the economy is continuing. First quarter growth in consumer spending was revised downward by half of a percentage point to 2.2 percent, according to the Bureau of Economic Activity, consumer confidence in May was weaker than the market consensus forecast, and the manufacturing industry slowed for the third straight month in May.”

“The housing market is showing strain as well. The S&P/Case-Shiller® National Home Price Index fell 5.1 percent between the first quarters of 2010 and 2011, representing the largest annual decline since the third quarter of 2009. In addition, the index of pending existing home sales dropped 11.6 percent from March to April, led by the Midwest and South regions where the tornados and flooding occurred,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.55 4.58 4.57 4.56 4.55 4.50
Fees & Points 0.6 0.6 0.8 0.6 0.6 0.6

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.74 3.77 3.75 3.75 3.81 3.68
Fees & Points 0.7 0.7 0.9 0.6 0.7 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.41 3.50 3.39 3.41 3.36 3.35
Fees & Points 0.6 0.6 0.7 0.4 0.6 0.7
Margin 2.74 2.75 2.75 2.72 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.13 3.40 2.88 3.50 3.00 2.86
Fees & Points 0.6 0.7 0.5 0.4 0.8 0.5
Margin 2.76 2.80 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 4.79   4.20   3.94   3.95   4.60   3.78   3.41   3.11  
Fees & Points 0.8   0.7   0.7   0.7   0.7   0.7   0.5   0.5  
Margin N/A N/A 2.74   2.75   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates

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