Loan rate monitor.

Position:Statistical table
 
FREE EXCERPT

LOAN RATE MONITOR Month in Review Excellent news for homebuyers planning to purchase a home this summer. Mortgage rates have remained low as we head into June. The 30-year fixed conforming average annual percentage rate (APR) is at 3.857 percent. Having said that, the 30-year fixed conforming average APR has been consistently between 3.6 percent and 3.9 percent since year- to-date. For borrowers seeking a short-term loan, the 5-1 adjustable-rate mortgage (ARM) is an attractive option at an average APR of 2.961 percent. MONTHLY AVERAGES 31-JUN 29-AUG 30-SEP 15-Year Fixed Conforming 3.535 3.397 3.581 30-Year Fixed Conforming 4.319 4.169 4.244 30-Year Fixed Jumbo 4.108 3.910 4.070 5/1 ARM Conforming 2.949 2.912 2.959 5/1 ARM Jumbo 2.884 2.832 2.911 MONTHLY AVERAGES 31-OCT 28-NOV 31-DEC 15-Year Fixed Conforming 3.389 3.263 3.277 30-Year Fixed Conforming 4.099 3.933 3.873 30-Year Fixed Jumbo 3.941 3.833 3.868 5/1 ARM Conforming 2.913 2.910 3.000 5/1 ARM Jumbo 2.871 2.838 2.952 MONTHLY AVERAGES 30-JAN 27-FEB 31-MAR 15-Year Fixed Conforming 3.165 3.243 3.119 30-Year Fixed Conforming 3.668 3.818 3.736 30-Year Fixed Jumbo 3.616 3.765 3.626 5/1 ARM...

To continue reading

FREE SIGN UP