THe update rate talks about how often a new value is read/written.
The pattern of these update values represent/control the frequency of the signal.
Say, you are watching a very boring TV show called "1&2".
This show features a big "1" on the screen or a big "2". Durring the show, the screen switches back and forth between either showing you the "1" or the "2".
Let say the switching back and forth between "1" and "2" occurs once every 5 seconds.
The whole time you have been watching the show, the TV screen is being re-painted about 60 times a second.
In this scenario the "update rate" is 60 times a second, or 60 Hz. The frequency of the "signal" is once every 5 seconds or 0.2 Hz.
Does this get you somewhere?
Ben