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Loan rate monitor.

Month in Review

As we head into mid-September, we are finding that mortgage rates increased slightly overall and are bringing fixed rates back in line with the widespread range of the past few months. The average 30-year fixed conforming annual percentage rate (APR) increased 0.031 percent to 3.551. In addition, the average APR for a 15-year fixed conforming APR increased 0.028 percent to 2.859 percent. Moreover, the average APR for a 30-year fixed jumbo increased 0.011 percent to 3.433 percent. We expect rates will remain relatively unchanged over the rest of the month.

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One-Year Historical Average Retail Mortgage Rates

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Assumptions: One-point option on a 60-day rate lock. Rates based
on Informa Research Services' Index of Major National Lenders.
Copyright 2016 Informa Research Services, Calabasas, California

MONTHLY AVERAGES           30-OCT   30-NOV   31-DEC   29-JAN   29-FEB

15-Year Fixed Conforming   3.199    3.292    3.461    3.146    3.091
30-Year Fixed Conforming   3.949    4.052    4.157    3.810    3.731
30-Year Fixed Jumbo        3.697    3.685    3.793    3.470    3.489
5/1 ARM Conforming         3.095    3.228    3.446    3.299    3.335
5/1 ARM Jumbo              3.048    3.163    3.361    3.222    3.228

MONTHLY AVERAGES           31-MAR   29-APR   31-MAY   30-JUN   29-JUL

15-Year Fixed Conforming   3.049    2.989    3.046    2.860    2.812
30-Year Fixed Conforming   3.727    3.717    3.747    3.536    3.489
30-Year Fixed Jumbo        3.468    3.562    3.603    3.429    3.429
5/1 ARM Conforming         3.323    3.333    3.423    3.277    3.394
5/1 ARM Jumbo              3.268    3.285    3.376    3.231    3.367

MONTHLY AVERAGES           31-AUG   9-SEP

15-Year Fixed Conforming   2.831    2.859
30-Year Fixed Conforming   3.520    3.551
30-Year Fixed Jumbo        3.422    3.433
5/1 ARM Conforming         3.520    3.566
5/1 ARM Jumbo              3.478    3.501

Informa Research Services is the premier provider of competitive
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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
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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.

For more information on Informa Research Services, call
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Publication:Mortgage Banking
Date:Oct 1, 2016
Words:420
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