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You're Now Reading:
Purchase Applications, Refi’s Mixed as Mortgage Rates Remain Stable
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
You're Now Reading:
Purchase Applications, Refi’s Mixed as Mortgage Rates Remain Stable
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:
Purchase Applications, Refi’s Mixed as Mortgage Rates Remain Stable
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Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

January 5 2011 (Chris Moore)
up-down-interest-rate-image
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the two weeks ending December 24, 2010 and December 31 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis for the week ending December 24, but increased 2.3 percent for the week ending December 31.

On an unadjusted basis, the Index decreased 23.7 percent compared with the previous week before Christmas and decreased 10.0 percent last week (December 31).

The seasonally adjusted Purchase Index increased 3.1 percent for the week ending December 24 and decreased 0.8 percent the week after.

The unadjusted Purchase Index decreased 18.1 percent compared with the week before Christmas and decreased 12.2 percent the week after. The unadjusted Purchase Index was 12.1 percent higher and 6.1 percent lower respectively, compared to the same period last year.

For the week ending December 24, the Refinance Index decreased 7.2 percent from the previous week and increased 3.9 percent the following week.

The refinance share of mortgage activity for the week of December 24 decreased to 70.3 percent of total applications from 72.3 percent the previous week, and increased to 71.0 percent the week of December 31.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.93 percent from 4.84 percent for the week ending December 24, with points decreasing to 0.63 from 0.96 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans and for the week ending December 31, the average contract interest rate decreased to 4.82 with points increasing to 1.11.

The average contract interest rate for 15-year fixed-rate remained unchanged at 4.22 percent for the week ending December 24, with points increasing to 1.34 from 1.19 (including the origination fee) for 80 percent LTV loans and for the week ending December 31, the average contract rate increased to 4.23 percent with points decreasing to 1.00.

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

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 5 2011 (Chris Moore)
up-down-interest-rate-image
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the two weeks ending December 24, 2010 and December 31 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis for the week ending December 24, but increased 2.3 percent for the week ending December 31.

On an unadjusted basis, the Index decreased 23.7 percent compared with the previous week before Christmas and decreased 10.0 percent last week (December 31).

The seasonally adjusted Purchase Index increased 3.1 percent for the week ending December 24 and decreased 0.8 percent the week after.

The unadjusted Purchase Index decreased 18.1 percent compared with the week before Christmas and decreased 12.2 percent the week after. The unadjusted Purchase Index was 12.1 percent higher and 6.1 percent lower respectively, compared to the same period last year.

For the week ending December 24, the Refinance Index decreased 7.2 percent from the previous week and increased 3.9 percent the following week.

The refinance share of mortgage activity for the week of December 24 decreased to 70.3 percent of total applications from 72.3 percent the previous week, and increased to 71.0 percent the week of December 31.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.93 percent from 4.84 percent for the week ending December 24, with points decreasing to 0.63 from 0.96 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans and for the week ending December 31, the average contract interest rate decreased to 4.82 with points increasing to 1.11.

The average contract interest rate for 15-year fixed-rate remained unchanged at 4.22 percent for the week ending December 24, with points increasing to 1.34 from 1.19 (including the origination fee) for 80 percent LTV loans and for the week ending December 31, the average contract rate increased to 4.23 percent with points decreasing to 1.00.

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

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 5 2011 (Chris Moore)
up-down-interest-rate-image
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the two weeks ending December 24, 2010 and December 31 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis for the week ending December 24, but increased 2.3 percent for the week ending December 31.

On an unadjusted basis, the Index decreased 23.7 percent compared with the previous week before Christmas and decreased 10.0 percent last week (December 31).

The seasonally adjusted Purchase Index increased 3.1 percent for the week ending December 24 and decreased 0.8 percent the week after.

The unadjusted Purchase Index decreased 18.1 percent compared with the week before Christmas and decreased 12.2 percent the week after. The unadjusted Purchase Index was 12.1 percent higher and 6.1 percent lower respectively, compared to the same period last year.

For the week ending December 24, the Refinance Index decreased 7.2 percent from the previous week and increased 3.9 percent the following week.

The refinance share of mortgage activity for the week of December 24 decreased to 70.3 percent of total applications from 72.3 percent the previous week, and increased to 71.0 percent the week of December 31.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.93 percent from 4.84 percent for the week ending December 24, with points decreasing to 0.63 from 0.96 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans and for the week ending December 31, the average contract interest rate decreased to 4.82 with points increasing to 1.11.

The average contract interest rate for 15-year fixed-rate remained unchanged at 4.22 percent for the week ending December 24, with points increasing to 1.34 from 1.19 (including the origination fee) for 80 percent LTV loans and for the week ending December 31, the average contract rate increased to 4.23 percent with points decreasing to 1.00.

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

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.