Month in review.

Position::LOAN RATE MONITOR - Statistical data
 
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Mortgage rates climbed up a bit in May. The 30-year fixed conforming average annual percentage rate (APR) is up to 3.861 percent from 3.690 per-cent in April. However, the 30-year fixed conforming average APR has been consistently between 3.6 percent and 3.9 percent since year-to-date. Furthermore, jumbo products have been lower in average APR compared with their conforming counterpart. Conforming loans have increased faster because they are directly linked to mortgage-backed security (MBS) yields. Jumbo mortgages, on the other hand, increased more slowly because these loans tend to stay on banks' balance sheets and are not funded with MBS.

MONTHLY AVERAGES 30-JUN 31-JUL 29-AUG 30-SEP 31-OCT 15-Year Fixed Conforming 3.323 3.535 3.397 3.581 3.389 30-Year Fixed Conforming 4.159 4.319 4.169 4.244 4.099 30-Year Fixed Jumbo 3.947 4.108 3.910 4.070 3.941 5/1 ARM Conforming 2.899 2.949 2.912 2.959 2.913 5/1 ARM Jumbo 2.809 2.884 2.832 2.911 2.871 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...

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