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Mortgage Rates End the Week Slightly Higher
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
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You're Now Reading:
Mortgage Rates End the Week Slightly 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 Rates End the Week Slightly Higher
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

Septermber 13, 2010 (Chris Moore)

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending September 9 2010. While the 30-year fixed-rate mortgage rate and the 5-year adjustable rose slightly, other rates remained flat or fell lower. 

Here’s a summary of this weeks rates from Freddie Mac:

  • 30-year fixed-rate mortgage (FRM) averaged 4.35 percent with an average 0.7 point for the week ending September 9, 2010, up from last week when it averaged 4.32 percent. Last year at this time, the 30-year FRM averaged 5.07 percent.
  • 15-year FRM this week averaged a record low of 3.83 percent with an average 0.6 point, unchanged from last week when it also averaged 3.83 percent. A year ago at this time, the 15-year FRM averaged 4.50 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.56 percent this week, with an average 0.6 point, up from last week when it averaged 3.54 percent. A year ago, the 5-year ARM averaged 4.51 percent.
  • 1-year Treasury-indexed ARM averaged 3.46 percent this week with an average 0.7 point, down from last week when it averaged 3.50 percent. At this time last year, the 1-year ARM averaged 4.64 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated:

“While overall employment was down in August, private non-farm payrolls rose more than the market consensus forecast, and the prior two months’ employment figures were revised up. This somewhat sanguine report had a mixed effect on mortgage rates this week, with the 30-year fixed rate nudged up but the 15-year fixed rate unchanged. Pending sales of existing homes rebounded in July, a hopeful sign that existing home sales picked up toward the end of summer.”

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

Septermber 13, 2010 (Chris Moore)

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending September 9 2010. While the 30-year fixed-rate mortgage rate and the 5-year adjustable rose slightly, other rates remained flat or fell lower. 

Here’s a summary of this weeks rates from Freddie Mac:

  • 30-year fixed-rate mortgage (FRM) averaged 4.35 percent with an average 0.7 point for the week ending September 9, 2010, up from last week when it averaged 4.32 percent. Last year at this time, the 30-year FRM averaged 5.07 percent.
  • 15-year FRM this week averaged a record low of 3.83 percent with an average 0.6 point, unchanged from last week when it also averaged 3.83 percent. A year ago at this time, the 15-year FRM averaged 4.50 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.56 percent this week, with an average 0.6 point, up from last week when it averaged 3.54 percent. A year ago, the 5-year ARM averaged 4.51 percent.
  • 1-year Treasury-indexed ARM averaged 3.46 percent this week with an average 0.7 point, down from last week when it averaged 3.50 percent. At this time last year, the 1-year ARM averaged 4.64 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated:

“While overall employment was down in August, private non-farm payrolls rose more than the market consensus forecast, and the prior two months’ employment figures were revised up. This somewhat sanguine report had a mixed effect on mortgage rates this week, with the 30-year fixed rate nudged up but the 15-year fixed rate unchanged. Pending sales of existing homes rebounded in July, a hopeful sign that existing home sales picked up toward the end of summer.”

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.

Septermber 13, 2010 (Chris Moore)

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending September 9 2010. While the 30-year fixed-rate mortgage rate and the 5-year adjustable rose slightly, other rates remained flat or fell lower. 

Here’s a summary of this weeks rates from Freddie Mac:

  • 30-year fixed-rate mortgage (FRM) averaged 4.35 percent with an average 0.7 point for the week ending September 9, 2010, up from last week when it averaged 4.32 percent. Last year at this time, the 30-year FRM averaged 5.07 percent.
  • 15-year FRM this week averaged a record low of 3.83 percent with an average 0.6 point, unchanged from last week when it also averaged 3.83 percent. A year ago at this time, the 15-year FRM averaged 4.50 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.56 percent this week, with an average 0.6 point, up from last week when it averaged 3.54 percent. A year ago, the 5-year ARM averaged 4.51 percent.
  • 1-year Treasury-indexed ARM averaged 3.46 percent this week with an average 0.7 point, down from last week when it averaged 3.50 percent. At this time last year, the 1-year ARM averaged 4.64 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated:

“While overall employment was down in August, private non-farm payrolls rose more than the market consensus forecast, and the prior two months’ employment figures were revised up. This somewhat sanguine report had a mixed effect on mortgage rates this week, with the 30-year fixed rate nudged up but the 15-year fixed rate unchanged. Pending sales of existing homes rebounded in July, a hopeful sign that existing home sales picked up toward the end of summer.”

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.