Mortgage Rates 10-31-13

By Steven Roberts Updated on 10/31/2013

Will interest rates go up tomorrow? Market rates should resist change tomorrow, according to mortgage professionals voting on our live poll. Investors were not moved by the data provided by our Jobless Claims and Regional Manufacturing report, so it is likely the Manufacturing Index Report tomorrow will not impact the market. The FOMC announcement did not imply intentions of tapering and economic data was below expectations, indicating the potential for improvement in the mortgage market. Industry experts believe tapering will not take place until next year when the economy has regained financial stability. The 10-Year Treasury Bond is up by 1.31% to 2.56 and stocks are declining, which can be a good indication that interest rates will not rise. Check back this afternoon for a market rate update.

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 3.25%. 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 held steady at 4.12%. The 52-week high is 4.79%.

5/1 year (ARM) rates increased by .01% to 3.11%. The 52-week high is 3.37%.