Month in Review:
As we head into mid-October we are finding that mortgage rates increased overall and the highest levels in more than three months. The average 30-year fixed conforming annual percentage rate (APR) increased 0.074 percent to 3.558. In addition, the average APR for a 15-year fixed conforming APR increased 0.033 percent to 2.849 percent. Moreover, the average APR for a 30-year fixed jumbo increased 0.144 percent to 3.508 percent. We expect rates will remain relatively unchanged until the next Fed announcement next week.
Source: Informa Research Services is the premier provider of competitive rate and fee intelligence, sales and service evaluation, regulatory compliance testing and lead-generation services to the financial industry. Since 1983, Informa has provided the information clients need to make more profitable business decisions. Currently, Informa serves more than 6,500 clients including all of the nation’s top 100 financial institutions. Our earned reputation for extreme accuracy, depth of product information, and enthusiastic customer service keeps our clients renewing our services year after year.