LoanRateNetwork
LoanRateNetwork
LoanRateNetwork
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
Mortgage Applications Decline for Fourth Consecutive Week
Mortgage Applications Decline for Fourth Consecutive Week
Mortgage Applications Decline for Fourth Consecutive Week
Helpful
Tools
Mortgage
Calculator
Estimate your monthly payment for a home purchase or refinance
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about mortgage loans to find the one that's right for you
15 Year vs 30 Year
Loan Comparison
Compare payments between a 15 year and 30 year mortgage loan
Today's Mortgage
Rates
See today's current mortgage rates. Shop, compare and save.

July 13, 2011 (Chris Moore)

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 8, 2011. The Market Composite Index, a measure of mortgage loan application volume, declined for the fourth straight week as mortgage applications decreased 5.1 percent led by a drop in refinance applications which are 42.1 percent lower than a year ago.

On an unadjusted basis, the Index decreased 24.0 percent compared with the previous week. The four week moving average for the seasonally adjusted Market Index is down 4.7 percent.

The seasonally adjusted Purchase Index decreased 2.6 percent from one week earlier. The four week moving average is down 1.0 percent for the seasonally adjusted Purchase Index. The unadjusted Purchase Index decreased 21.9 percent compared with the previous week, and is 0.2 percent lower than the same week one year ago.

The Refinance Index decreased 6.2 percent from the previous week. The four week moving average is down 6.3 percent. The Refinance Index is 42.1 percent lower than what it was a year ago.

The refinance share of mortgage activity decreased to 65.6 percent of total applications from 66.4 percent last week.

The adjustable-rate mortgage (ARM) share of activity decreased to 5.5 percent from 6.1 percent the previous week.

The results of this week’s survey include an adjustment for the Fourth of July holiday.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.55 percent from 4.69 percent last week, with points increasing to 0.99 from 0.90 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate decreased from last week.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.68 percent from 3.79 percent last week, with points increasing to 1.10 from 0.88 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

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

Sources:
MBA

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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
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.
Information You Can Use
Helpful Tools
Mortgage
Calculator
Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

July 13, 2011 (Chris Moore)

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 8, 2011. The Market Composite Index, a measure of mortgage loan application volume, declined for the fourth straight week as mortgage applications decreased 5.1 percent led by a drop in refinance applications which are 42.1 percent lower than a year ago.

On an unadjusted basis, the Index decreased 24.0 percent compared with the previous week. The four week moving average for the seasonally adjusted Market Index is down 4.7 percent.

The seasonally adjusted Purchase Index decreased 2.6 percent from one week earlier. The four week moving average is down 1.0 percent for the seasonally adjusted Purchase Index. The unadjusted Purchase Index decreased 21.9 percent compared with the previous week, and is 0.2 percent lower than the same week one year ago.

The Refinance Index decreased 6.2 percent from the previous week. The four week moving average is down 6.3 percent. The Refinance Index is 42.1 percent lower than what it was a year ago.

The refinance share of mortgage activity decreased to 65.6 percent of total applications from 66.4 percent last week.

The adjustable-rate mortgage (ARM) share of activity decreased to 5.5 percent from 6.1 percent the previous week.

The results of this week’s survey include an adjustment for the Fourth of July holiday.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.55 percent from 4.69 percent last week, with points increasing to 0.99 from 0.90 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate decreased from last week.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.68 percent from 3.79 percent last week, with points increasing to 1.10 from 0.88 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

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

Sources:
MBA

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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
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.
Information You Can Use
Helpful Tools

July 13, 2011 (Chris Moore)

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 8, 2011. The Market Composite Index, a measure of mortgage loan application volume, declined for the fourth straight week as mortgage applications decreased 5.1 percent led by a drop in refinance applications which are 42.1 percent lower than a year ago.

On an unadjusted basis, the Index decreased 24.0 percent compared with the previous week. The four week moving average for the seasonally adjusted Market Index is down 4.7 percent.

The seasonally adjusted Purchase Index decreased 2.6 percent from one week earlier. The four week moving average is down 1.0 percent for the seasonally adjusted Purchase Index. The unadjusted Purchase Index decreased 21.9 percent compared with the previous week, and is 0.2 percent lower than the same week one year ago.

The Refinance Index decreased 6.2 percent from the previous week. The four week moving average is down 6.3 percent. The Refinance Index is 42.1 percent lower than what it was a year ago.

The refinance share of mortgage activity decreased to 65.6 percent of total applications from 66.4 percent last week.

The adjustable-rate mortgage (ARM) share of activity decreased to 5.5 percent from 6.1 percent the previous week.

The results of this week’s survey include an adjustment for the Fourth of July holiday.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.55 percent from 4.69 percent last week, with points increasing to 0.99 from 0.90 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate decreased from last week.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.68 percent from 3.79 percent last week, with points increasing to 1.10 from 0.88 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

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

Sources:
MBA

HOW LOANRATENETWORK
LOAN CENTER 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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
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.
Information You Can Use

LoanRateNetwork

LoanRateNetwork is an independent marketing leads generator. We are not a loan broker or lender. LoanRateNetwork is an advertising supported publisher and loan rate comparison service that is compensated by third party affiliates for the information you provide to us through the featured placement of sponsored products and services or by clicking on links posted on this website. Not all companies or products are represented through this website. Usage of this site is only available to persons in the continental United States, Alaska and Hawaii.
Copyright 2010 - 2021 LoanRateNetwork.com | All Rights Reserved
The information contained in this website is for general information purposes only. We make no representations or warranties of any kind, expressed or implied, about the completeness, accuracy, or reliability of the information, products, or services contained on the website. Any reliance you place on such information is therefore strictly at your own risk.