Mortgage Rates 11-04-13

By Steven Roberts Updated on 11/4/2013

What will interest rates do tomorrow? Mortgage experts predict a decline in market rates, according to our live poll. Market rates peaked on Friday in response to “better than expected” results in the Chicago ISM Report, however this week’s seven new economic reports could regain market improvement. The Fed is scheduled to discuss financial concerns with the public this week as well. Experts are confident that tapering will subside until 2014. However, investors are still highly speculative and this continues to fuel the fire for volatility in interest rates. Check back this afternoon to see how rates will react to new economic data.

30-year (FRM) rates increased by .11% to 4.25%. The 52-week high is 4.85%.

15-year (FRM) rates moved up by .07% to 3.35%. The 52-week high is 3.90%.

FHA 30-year Fixed rates rose by .06% to 3.89%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates increased by .11% to 4.25%. The 52-week high is 4.79%.

5/1 year (ARM) rates increased by .06% to 3.18%. The 52-week high is 3.37%.