Mortgage Rates 12-31-13

By Steven Roberts Updated on 12/31/2013

What will mortgage rates do tomorrow? Coming into the New Year tomorrow, mortgage rates will remain at today’s best execution levels as stock and bond markets are closed. Today’s Consumer Confidence Report provided positive data, driving MBS prices lower, giving up yesterday’s improvements. However, investors are not very responsive to data between Christmas and the New Year. In addition, the 10-Year Treasury bond is up by 1.14%, which can be a good indicator of stability for mortgage-backed securities. Expect volatility when we return from the holidays and be wary of positive economic data, as it will fuel the fire for an increase in tapering. The Fed remains heavily data dependent to support any changes in the $10 billion taper of bond purchases. Bookmark this page for daily mortgage news and your rate update.  

30-year (FRM) rates decreased by .03% to 4.62%. The 52-week high is 4.85%.

15-year (FRM) rates fell by .02% to 3.64. 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 declined by .03% to 4.55%. The 52-week high is 4.79%.

5/1 Year (ARM) rates dropped by .01% to 3.24%. The 52-week high is 3.37%.