Mortgage Rates 12-6-13

By Steven Roberts Updated on 12/6/2013

Will mortgage rates go up tomorrow? Mortgage rates are predicted to rise slightly, remaining fairly stable in response to today’s positive economic data. The November Jobs Report presented better-than-expected results, leading investors to speculate on the Feds intention to taper. The Federal Reserve will meet to discuss monetary decisions this December 18^th, however industry experts believe it is unlikely tapering will begin before the new Chairman, Janet Yellen, takes office in February. Regardless, the market is moved by those investing in stocks and bonds, not the experts. Today’s 10 Year Treasury bond is down by 0.49%, which can be a good indication of an increase in mortgage rates. Come by daily for your interest rate update and mortgage news.

30-year (FRM) rates declined by .01% to 4.57%. The 52-week high is 4.85%.

15-year (FRM) rates fell by .01% to 3.60. The 52-week high is 3.90%.

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

Jumbo 30 Year Fixed rates decreased by .01% to 4.49%. The 52-week high is 4.79%.

5/1 Year (ARM) rates rose by .01% to 3.26%. The 52-week high is 3.37%.