Mortgage Rates 10-29-13

By Steven Roberts Updated on 10/29/2013

What will interest rates do tomorrow? Mortgage experts predict fairly stable rates tomorrow, according to our live poll. Today’s release of economic data was not significant enough to drive the bond market in either direction. However, the market remains volatile this week as investors sit tight for tomorrow’s FOMC policy statement. Investor’s speculation is inevitable, but economists suggest tapering will not take place until next year when the economy has regained financial strength. Check back tomorrow for your market rate update and Thursday's prediction.

30-year (FRM) rates held steady at 4.11%. The 52-week high is 4.85%.

15-year (FRM) rates moved down by .01% to 3.26%. The 52-week high is 3.90%.

FHA 30-year (FRM) rates remained stable at 3.80%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates increased by .01% to 4.12%. The 52-week high is 4.79%.

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