Mortgage Rates 12-24-13

By Steven Roberts Updated on 12/24/2013

What will interest rates do tomorrow? Well, tomorrow is Christmas Day and bond markets are closed. Mortgage rates will close early today at 2pm ET and rates will remain at today’s best execution levels. This has been a light week in regards to economic data and mortgage news thus far. Positive data will continue to be undesirable for the mortgage market, as the Fed is anticipating an increase in the Federal taper off the bond purchase program. Interest rates have been on the rise since the $10 billion reduction and will continue to be volatile when we return from this vacation. Happy holidays everyone, be here Friday for your rate update and mortgage news.

30-year (FRM) rates increased by .01% to 4.60%. The 52-week high is 4.85%.

15-year (FRM) rates held steady at 3.61. The 52-week high is 3.90%.

FHA 30-Year Fixed rates stabilized at 4.25%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates remained at 4.55%. The 52-week high is 4.79%.

5/1 Year (ARM) rates declined by .01% to 3.21%. The 52-week high is 3.37%.