Mortgage Rates 8-13-13

By Steven Roberts Updated on 8/13/2013

Are mortgage rates going down tomorrow? Though it is difficult to be sure, forecasts seem promising for another day of decrease. Today’s release of the Retail Sales Report insinuates the market will continue improving in weeks to come. Mortgage rates have remained fairly stable and significant changes are not expected.

30-year fixed-rate mortgage (FRM) interest rates decreased by 0.01%, averaging 4.41% and shifting away from the 52-week high of 4.73%.

 

The 15-year FRM rates decreased by .01% to 3.62%. The 52-week high is 3.83%.

FHA 30-year FRM rates continued to hold steady at 4.25%, below the 52-week high of 4.56%.

Nonconforming conventional loans decreased slightly to 4.46% and situating below the 52-week high of 4.78%.

Adjustable-rate mortgage (ARM) Loans decreased today by 0.01%. The 5/1 year ARM is at 3.24%.