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Month in Review:
As we head into mid-November we see fixed mortgage rates have been on the decline. We see the 30-year conforming dropping 0.059 to 3.982 and the 30-year jumbo dropping 0.052 to 3.864. On the other hand, we see both the 5/1 ARM conforming and jumbo have increased, with the 5/1 ARM increasing 0.014 to 3.966 and 5/1 ARM jumbo with a minimal increase of 0.005 to 3.861.
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