Mortgage Rates 11-21-13

By Steven Roberts Updated on 11/21/2013

What will interest rates do tomorrow? The mortgage market will likely improve with a decline in interest rates tomorrow, according to mortgage professionals voting on our live poll. Economic data drove rates up significantly yesterday, but today the focus is on the Fed’s FOMC Minutes Report. Industry experts are confident that Janet Yellen’s initiative is to postpone tapering until we reach economic stability in 2014. Mortgage pros have unanimously voted on our new poll, that the Feds talk of tapering is by far the most influential factor for fluctuation of mortgage rates. Check back daily for your rate update and mortgage news.

30-year (FRM) rates rose by .01% to 4.44%. The 52-week high is 4.85%.

15-year (FRM) rates remained stable at 3.50%. The 52-week high is 3.90%.

FHA 30-Year Fixed rates decreased by .01% to 4.12%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates declined by .01% to 4.40%. The 52-week high is 4.79%.

5/1 Year (ARM) rates  decreased by .03% to 3.25%. The 52-week high is 3.37%.