Month in Review:
As we head into mid-October, we are finding that there has been an overall slight increase in rates. September proved to show the volatility in the market starting with a steady decline and ultimately turned into a continued upward swing of rates. Since the end of September, APR for the 30-year conforming fixed mortgage has slightly increased 0.081 to 4.024 percent. 5/1 ARM jumbo products have also slightly increased 0.023 to 3.823 along with the 30-year jumbo fixed which increased 0.077 to 3.922.
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.