Loan rate monitor.

Position:Statistical data
 
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Month in Review

Since the the beginning of September, rates for the 30-year fixed have dropped 0.375%, which is already lower than those that were available in July and August. The drop is generally credited to the Federal Reserve's decision to continue stimulus measures in light of poor job growth and the market's response to Janet Yellen's nomination as chair of the Federal Reserve. Although there are no guarantees that Yellen will continue quantitative easing policies, she is a dove on monetary policy, favoring strategies that keep interest rates low and bring down unemployment even at the risk of driving inflation higher.

MONTHLY 30-NOV 31-DEC 31-JAN 28-FEB 29-MAR 30-APR 31-MAY AVERAGES 15-Year 2.759 2.693 2.962 2.906 2.930 2.673 3.167 Fixed Conforming 30-Year 3.351 3.372 3.645 3.612 3.674 3.437 3.975 Fixed Conforming 30-Year 3.571 3.609 3.864 3.815 3.747 3.523 3.951 Fixed Jumbo 5/1 ARM 2.982 2.948 2.927 2.872 2.867 2.845 2.872 Conforming 5/1 ARM 2.944 2.922 2.916 2.853 2.847 2.772 2.832 Jumbo MONTHLY 28-JUN 31-JUL 30-AUG 30-5EP 10-OCT AVERAGES 15-Year 3.626 3.682 3.678 3.459 3.547 Fixed...

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