Loan rate monitor.

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Month in Review

As we head into mid-September, we are finding that mortgage rates increased slightly overall and are bringing fixed rates back in line with the widespread range of the past few months. The average 30-year fixed conforming annual percentage rate (APR) increased 0.031 percent to 3.551. In addition, the average APR for a 15-year fixed conforming APR increased 0.028 percent to 2.859 percent. Moreover, the average APR for a 30-year fixed jumbo increased 0.011 percent to 3.433 percent. We expect rates will remain relatively unchanged over the rest of the month.


One-Year Historical Average Retail Mortgage Rates [GRAPHIC OMITTED] Assumptions: One-point option on a 60-day rate lock. Rates based on Informa Research Services' Index of Major National Lenders. Copyright 2016 Informa Research Services, Calabasas, California MONTHLY AVERAGES 30-OCT 30-NOV 31-DEC 29-JAN 29-FEB 15-Year Fixed Conforming 3.199 3.292 3.461 3.146 3.091 30-Year Fixed Conforming 3.949 4.052 4.157 3.810 3.731 30-Year Fixed Jumbo 3.697 3.685 3.793 3.470 3.489 5/1 ARM Conforming 3.095 3.228 3.446 3.299 3.335 5/1 ARM Jumbo 3.048 3.163 3.361 3.222 3.228 MONTHLY AVERAGES 31-MAR 29-APR 31-MAY 30-JUN 29-JUL 15-Year Fixed Conforming 3.049 2.989 3.046 2.860 2.812 30-Year Fixed...

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