Mortgage Rates 8-02-2013

By Sari R. Updated on 8/2/2013

It seems as if mortgage rates are slowly on the rise again, as evidenced by the fact that all rates rose at least 0.03 percentage points from yesterday besides the FHA 30 Year Fixed Rate.  While these rates still have several percentage points to rise before reaching the 52 Week High, they are definitely making strides towards these figures.  Due to the impending Employment Situation Report, rates will most likely rise again later today.  As of now, there is no evidence to indicate that rates will drop to the low levels that were prevalent in early May anytime soon.

The 30 year fixed rate mortgage best execution rate is 4.57%, reflecting a change of +0.09. The 52-week high is 4.73%.

The 15 year fixed rate mortgage best execution rate slightly increased to 3.72% from 3.67% yesterday. The 52-week high is 3.83%.

The FHA 30 year fixed rate mortgage best execution rate remained steady at 4.25%.

The Jumbo 30 year fixed rate mortgage best execution rate had a slight increase, rising upwards downwards by 0.05% to 4.57%.  The 52 Week High is 4.78%.

The 5/1 year Adjustable Rate Mortgage (ARM) best execution is 3.28% and inched up by 0.03 from yesterday.  It is still below the 52-week high of 3.37%.