Month in Review:
As we head into mid-January, we are finding that there has been a slight upward movement in mortgage rates. Since the end of December, APR for the 30-year conforming fixed mortgage has increased 0.041 to 4.089 percent. 5/1 ARM jumbo products have increased 0.060 to 4.145 along with the 30-year jumbo fixed rate which also increased 0.058 to 4.015.
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.