Loan rate monitor.

PositionStatistical data

Month in Review

The U.S. Federal Reserve met in September. The Federal Open Market Committee was concerned about the recent sharp decline in the U.S. stock market. This factor, along with several others, impacted the policymakers' economic outlook. Sequentially, the Federal Reserve decided to hold off on raising interest rates. Having said that, this is certainly an excellent opportunity for potential borrowers to finance a new home or refinance their current mortgage. As of Oct. 9, 2015, the annual percentage rate (APR) average for a 30-year conforming fixed mortgage is at 3.916 percent. For borrowers seeking a 30-year fixed jumbo loan that exceeds the conforming loan limits, the APR average is lower at 3.657 percent.

MONTHLY AVERAGES 28-NOV 31-DEC 30-JAN 27-FEB 31-MAR 15-Year Fixed Conforming 3.263 3.277 3.165 3.243 3.119 30-Year Fixed Conforming 3.933 3.873 3.668 3.818 3.736 30-Year Fixed Jumbo 3.833 3.868 3.616 3.765 3.626 5/1 ARM Conforming 2.910 3.000 2.923 3.022 2.956 5/1 ARM Jumbo 2.838 2.952 2.863 2.941 2.909 MONTHLY AVERAGES 30-APR 29-MAY 30-JUN 31-JUL 31-AUG 15-Year Fixed Conforming 3.178 3.182 3.355 3.275 3.239 30-Year Fixed Conforming 3.850 3.859 4.128 3.999 3.968 30-Year Fixed Jumbo...

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