Contact Us by email: freerateupdate@gmail.com or by phone: (714) 694-5914.

All advertising inquiries, employment, partnership, and writing opportunities, media requests and more can be directed to the email or phone # above.

Established in May of 2008 by Edward James Ferrara III, a 9 year mortgage veteran with a wide variety of experience in banking and brokering home loans, FreeRateUpdate.com set out to provide all homeowners and potential homeowners for free, mortgage rates at par.

How Do we Determine our Official Mortgage Rates at Par?

FreeRateUpdate.com researches over 2 dozen wholesale mortgage lender’s rate sheets to determine difinitive non biased par rates on a daily basis.

Why Should You Should Pay Attention to Mortgage Rates at Par?

A par rate is what a savvy and qualified consumer will receive on any given day with a standard 1 point in origination. Par rates are typically 1/4 percent below national averages reported by Bankrate.com and Freddie Mac. Less savvy borrowers often receive rates 1/4 percent higher than what they are well qualified for because they are not aware of the day’s par rates. The banks make huge profits on this. Par rates, not national averages, are the rates consumers should shoot for. Knowing mortgage rates, including FHA mortgage rates, at par is a key for consumers looking to lock in the best possible deal on a mortgage refinance or home purchase loan.

2009 Website Traffic Stats (Google Analytics) – 192,639 Visits, 170,806 Absolute Unique Visitors, 310,464 Pageviews, 118 Different Countries, 32,349 Visits from California and 22 Visits from Iraq. THE GOAL IS A MILLION VISITORS IN 2010!

FreeRateUpdate.com Original TIC’s.

Founder, Senior Editor & Writer Ed Ferrara III is a mortgage industry veteran with over 9 years of experience in both mortgage brokering and banking of loans. Before FreeRateUpdate.com Ed was running all operations the succesful Fullerton, CA branch of Supreme Lending, a mortgage banker based out of Dallas, TX. Email Ed or call him at (714) 694-5914.

Sheldon Levene has been in the mortgage industry since 1973 working for several prominent banks as a retail loan officer before becoming director of operations at a major Southern California sub prime outfit. Since the mortgage meltdown he’s retired to spend time with his lovely wife Anne of 43 years. We’re proud to have Sheldon as a contributing writer to freerateupdate.com. You can reach Sheldon by Email.

Contributing Writer Bruno Mckenzie, the latest addition to FreeRate, a former painter knowing the value of hard work, entered the mortgage business during the boom working as a loan officer for a Mortgage Banker based out of Texas. Bruno, a TIC (top industry closer) developed a reputation as a closer in the office starting with his “Walker file”, a 1 day close. He retired from origination in 07′ to study the seconday market. Email Bruno.