MortgageLoanRateUpdate
MortgageLoanRateUpdate
MortgageLoanRateUpdate
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
You're Now Reading:
Mortgage Applications Decline as Interest Rates Edge Higher
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Mortgage Applications Decline as Interest Rates Edge Higher
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Mortgage Applications Decline as Interest Rates Edge Higher
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

January 25, 2012 (Chris Moore)

Mortgage applications for both purchases and refinances declined last week as mortgage rates edged higher according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 20, 2012.

The Market Composite Index, a measure of mortgage loan application volume, which includes purchase applications and refinance applications, decreased a seasonally adjusted 5.0 percent from the previous week. This week’s report includes an adjustment for the Martin Luther King holiday.

On an unadjusted basis, the Index decreased 13.8 percent from the previous week. The four week moving average for the seasonally adjusted Market Index is up 4.12 percent.

Purchase Applications:

The seasonally adjusted Purchase Index decreased 5.4 percent from the previous week. The four week moving average is up 0.47 percent for the adjusted Purchase Index.

The unadjusted Purchase Index decreased 9.7 percent compared with the previous week and was 6.5 percent lower than the same week a year ago.

Refinance Applications:

The Refinance Index decreased 5.2 percent from the previous week. The four week moving average for the Index is up 4.85 percent.

The refinance share of mortgage activity fell to 81.3 percent of total applications from 82.2 percent the previous week.

Mortgage Interest Rates:

Average Contract Mortgages Rates
(80% loan-to-value)

Type of
Loan

Interest Rate (%)

Points

Effective Rate

Current

Previous

Current

Previous
30-Year FRM Conforming
($417,500 or less)

4.11

4.06*

0.47

0.48

Increased
30-Year FRM Non-Conforming
($417,501 or more)

4.39

4.40

0.40

0.37

Decreased
15-Year FRM

3.40

3.33

0.40

0.37

Increased
FHA 30-Year

3.97

3.91*

0.57

0.59

Increased
5/1 ARM

2.91

2.90

0.41

0.45

Increased

*Survey record low

The adjustable-rate mortgage (ARM) share of activity decreased to 5.3 percent of total applications from 5.6 percent the previous week.

December Statistics:

Of the borrowers who refinanced their loans in December, 56.6 percent chose a 30-year fixed rate mortgage, 24.3 percent chose a 15-year fixed rate mortgage, 5.3 percent chose an ARM and 13.8 percent chose a fixed rate mortgage other than a 30-year or a 15-year fixed rate mortgage.

Tags: MBA, home purchase applications, mortgage rates, fixed rate mortgage, adjustable rate mortgage, refinance, interest rate

Sources:
Mortgage Bankers Association

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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

January 25, 2012 (Chris Moore)

Mortgage applications for both purchases and refinances declined last week as mortgage rates edged higher according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 20, 2012.

The Market Composite Index, a measure of mortgage loan application volume, which includes purchase applications and refinance applications, decreased a seasonally adjusted 5.0 percent from the previous week. This week’s report includes an adjustment for the Martin Luther King holiday.

On an unadjusted basis, the Index decreased 13.8 percent from the previous week. The four week moving average for the seasonally adjusted Market Index is up 4.12 percent.

Purchase Applications:

The seasonally adjusted Purchase Index decreased 5.4 percent from the previous week. The four week moving average is up 0.47 percent for the adjusted Purchase Index.

The unadjusted Purchase Index decreased 9.7 percent compared with the previous week and was 6.5 percent lower than the same week a year ago.

Refinance Applications:

The Refinance Index decreased 5.2 percent from the previous week. The four week moving average for the Index is up 4.85 percent.

The refinance share of mortgage activity fell to 81.3 percent of total applications from 82.2 percent the previous week.

Mortgage Interest Rates:

Average Contract Mortgages Rates
(80% loan-to-value)

Type of
Loan

Interest Rate (%)

Points

Effective Rate

Current

Previous

Current

Previous
30-Year FRM Conforming
($417,500 or less)

4.11

4.06*

0.47

0.48

Increased
30-Year FRM Non-Conforming
($417,501 or more)

4.39

4.40

0.40

0.37

Decreased
15-Year FRM

3.40

3.33

0.40

0.37

Increased
FHA 30-Year

3.97

3.91*

0.57

0.59

Increased
5/1 ARM

2.91

2.90

0.41

0.45

Increased

*Survey record low

The adjustable-rate mortgage (ARM) share of activity decreased to 5.3 percent of total applications from 5.6 percent the previous week.

December Statistics:

Of the borrowers who refinanced their loans in December, 56.6 percent chose a 30-year fixed rate mortgage, 24.3 percent chose a 15-year fixed rate mortgage, 5.3 percent chose an ARM and 13.8 percent chose a fixed rate mortgage other than a 30-year or a 15-year fixed rate mortgage.

Tags: MBA, home purchase applications, mortgage rates, fixed rate mortgage, adjustable rate mortgage, refinance, interest rate

Sources:
Mortgage Bankers Association

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.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

January 25, 2012 (Chris Moore)

Mortgage applications for both purchases and refinances declined last week as mortgage rates edged higher according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 20, 2012.

The Market Composite Index, a measure of mortgage loan application volume, which includes purchase applications and refinance applications, decreased a seasonally adjusted 5.0 percent from the previous week. This week’s report includes an adjustment for the Martin Luther King holiday.

On an unadjusted basis, the Index decreased 13.8 percent from the previous week. The four week moving average for the seasonally adjusted Market Index is up 4.12 percent.

Purchase Applications:

The seasonally adjusted Purchase Index decreased 5.4 percent from the previous week. The four week moving average is up 0.47 percent for the adjusted Purchase Index.

The unadjusted Purchase Index decreased 9.7 percent compared with the previous week and was 6.5 percent lower than the same week a year ago.

Refinance Applications:

The Refinance Index decreased 5.2 percent from the previous week. The four week moving average for the Index is up 4.85 percent.

The refinance share of mortgage activity fell to 81.3 percent of total applications from 82.2 percent the previous week.

Mortgage Interest Rates:

Average Contract Mortgages Rates
(80% loan-to-value)

Type of
Loan

Interest Rate (%)

Points

Effective Rate

Current

Previous

Current

Previous
30-Year FRM Conforming
($417,500 or less)

4.11

4.06*

0.47

0.48

Increased
30-Year FRM Non-Conforming
($417,501 or more)

4.39

4.40

0.40

0.37

Decreased
15-Year FRM

3.40

3.33

0.40

0.37

Increased
FHA 30-Year

3.97

3.91*

0.57

0.59

Increased
5/1 ARM

2.91

2.90

0.41

0.45

Increased

*Survey record low

The adjustable-rate mortgage (ARM) share of activity decreased to 5.3 percent of total applications from 5.6 percent the previous week.

December Statistics:

Of the borrowers who refinanced their loans in December, 56.6 percent chose a 30-year fixed rate mortgage, 24.3 percent chose a 15-year fixed rate mortgage, 5.3 percent chose an ARM and 13.8 percent chose a fixed rate mortgage other than a 30-year or a 15-year fixed rate mortgage.

Tags: MBA, home purchase applications, mortgage rates, fixed rate mortgage, adjustable rate mortgage, refinance, interest rate

Sources:
Mortgage Bankers Association

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.