Mortgage Rates 01-03-14

By Steven Roberts Updated on 1/3/2014

Will mortgage rates go up Monday? According to mortgage professionals voting on our daily poll, interest rates are likely to rise Monday in response to today's Federal Reserve speakers. The mortgage market did not experience significant change during the holidays, however, industry professionals are confident the January 29^th FOMC meeting will introduce an increase in tapering off bond purchases. Fortunately, the Fed remains highly dependent on positive data to support further changes to monetary policy. No significant data is scheduled today, however Ben Bernanke will speak today, giving insight on our economic recovery. Any indication of improvement may subsequently drive mortgage rates higher. Bookmark this page for daily mortgage news and your rate update.  

30-year (FRM) rates remained at 4.63%. The 52-week high is 4.85%.

15-year (FRM) rates fell by .01% to 3.64. The 52-week high is 3.90%.

FHA 30-Year Fixed rates stabilized at 4.25%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates held steady at 4.55%. The 52-week high is 4.79%.

5/1 Year (ARM) rates rose by .01% to 3.25%. The 52-week high is 3.37%.