Month in Review:
As we head into mid-December we are finding that mortgage rates increased. The average 30-year fixed conforming annual percentage rate (APR) increased 0.010 percent to 4.196. In addition, the average APR for a 30-year fixed jumbo APR increased 0.066 percent to 4.034 percent. Moreover, the average APR for a 5/1 ARM jumbo increased 0.015 percent to 3.705 percent. We expect rates will continue to climb as we head into the new year.
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.