What does the Average Prime Offered Rate (APOR) represent?

The Average Prime Offered Rate (APOR) is an index published weekly, which reflects the average interest rates that prime borrowers are being offered for various types of loans. This index is significant in the mortgage industry as it provides a benchmark for lenders to determine competitive interest rates for conventional loans. The weekly publication frequency allows for more current market conditions to be reflected in the rates, helping both lenders and borrowers stay informed about the prevailing trends in mortgage pricing.

While other options discuss frequency or concepts not directly related to APOR, the fact that APOR is tracked weekly is what distinguishes it as a relevant indicator in the changing landscape of interest rates. This weekly data becomes crucial for assessing whether a loan falls under high-cost loan regulations, thus impacting lending practices and borrower disclosures.