Mortgage Rates 10-14-13

By Steven Roberts Updated on 10/14/2013

What will interest rates do tomorrow? The mortgage market will improve slightly, remaining fairly stable, according to mortgage professionals voting on our live poll. Invaluable data has been withheld from investors for two weeks, paralyzing market movement. Negotiation is in effect between House Republicans and Democrats to ensure the US does not default, as this government shutdown nears the October 17^th deadline. Investors anticipate the release of our Employment Report when the government resumes. Weak economic data will improve the mortgage market rates, because it will hinder the Feds action towards tapering off mortgage-backed securities.Join us this afternoon for a rate update.

The 30-year fixed-rate mortgage (FRM) rates stabilized at 4.38%. The 52-week high is 4.85%.

15-year FRM rates remained steady at 3.47%. The 52-week high is 3.90%.

FHA 30-year FRM rates were unchanged at 4.05%. The 52-week high is 4.60%.

Non-conforming conventional rates declined by .02% to 4.35%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) decreased by .01% to 3.10%. The 52-week high is 3.37%.