Mortgage Rates 10-18-13

By Steven Roberts Updated on 10/18/2013

Will interest rates go up tomorrow? Mortgage professionals believe rates will rise slightly, remaining fairly stable on Monday, according to our live poll. Tuesday will present investors with the Employment Situation Report, until then movement should resist significant change. The 10-year bond has shown no movement from yesterday, holding steady at 2.589, matched today's stale market movement. The debt ceiling has been relieved and furloughed employees are headed back to work. Experts predict Federal tapering will subside until 2014 due to our current economic instability. However, that is merely an expert opinion and the Fed has proven to be unpredictable. As speculation fuels the fire, expect fluctuation in a market rates next week in response to the much anticipated economic data. We have not yet realized the full effect of our government shutdown. Join us Monday for a rate update and Tuesday's prediction.

The 30-year fixed-rate mortgage (FRM) rates dropped by .02% to 4.27%. The 52-week high is 4.85%.

15-year FRM rates declined by .02% to 3.39%. The 52-week high is 3.90%.

FHA 30-year FRM rates decreased by .02% to 3.48%. The 52-week high is 4.60%.

Non-conforming conventional rates declined by .02% to 4.28%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) increased by .02% to 3.19%. The 52-week high is 3.37%.