Mortgage Rates 8-28-13

By Steven Roberts Updated on 8/28/2013

Will mortgage rates go down tomorrow? Difficult to say, however lower rates are expected. According to our poll as of 11:38 ET, mortgage experts predict slightly lower, but mostly stable rates. Today’s market rates sunk to the lowest we’ve seen in two weeks. The market tends to mirror the movement of US treasuries, as they are temporarily becoming a more favorable alternative than stocks, in response turmoil in Syria. The anticipation for September’s decision remains, inviting inconsistent speculation and fluctuation in market rates.

30-year fixed-rate mortgage (FRM) rates sunk by 0.08% to 4.53%. The 52-week high remains at 4.67%.

15-year FRM rates decreased by .05% to 3.66%. This 52-week high is 3.85%.

FHA 30-year FRM rates sunk to 4.25% by .06%. The 52-week high is 4.56%.

Nonconforming conventional rates lowered by .07% to 4.55%. The 52-week high is 4.78%.

Adjustable-rate mortgage 5/1 year (ARM) dropped by .03% to 3.25%. The 52-week high is 3.37%.