Mortgage Rates 12-2-13

By Steven Roberts Updated on 12/2/2013

Will mortgage rates go down tomorrow?  Industry professional predict moderately stable to lower rates tomorrow, according to our live poll. However, mortgage rates will be volatile with intra-day movement due to the wealth of scheduled economic data. Improvement in the mortgage market will come with weaker than expected results, which will postpone Federal tapering. The following economic reports will be influential on the behavior of this week’s rates: Goods and Services; New Home Sales; Fed’s Beige Book; 3^rd Quarter GDP; November’s Employment; Personal Income and Preliminary Consumer Sentiment. The mortgage market will remain volatile this week due to the amount of economic data available. The 10-Year Treasury bond is up by 2.04%, which can strongly indicate market improvement throughout the day. Check back daily for your rate update and mortgage news.

30-year (FRM) rates declined by .02% to 4.45%. The 52-week high is 4.85%.

15-year (FRM) rates decreased by.02% to 3.51. The 52-week high is 3.90%.

FHA 30-Year Fixed rates moved lower by .02%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates declined by .01% to 4.42%. The 52-week high is 4.79%.

5/1 Year (ARM) rates dropped by .02% to 3.22%. The 52-week high is 3.37%.