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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.
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