Mortgage Rates 8-30-13

By Steven Roberts Updated on 8/30/2013

Will mortgage rates go down Monday? Mortgage experts predict rates will remain steady or decrease slightly tomorrow, according to our poll this morning. There are no economic reports scheduled to influence drastic changes before this three day weekend. Today the market remained fairly stable, dropping by .01-.02%. Speculation of political actions in Syria may affect the market, as rates correlate with the movement of U.S. Treasury bonds. As we begin this month of September, expect inconsistency and fluctuation in market rates due to speculation of the Feds Tapering decision.

30-year fixed-rate mortgage (FRM) rates declined by 0.02% to 4.58%. The 52-week high is 4.67%.

15-year FRM rates decreased by .01% to 3.69%. This 52-week high is 3.85%.

FHA 30-year FRM rates lowered to 4.27% by .02%. The 52-week high is 4.56%.

Nonconforming conventional rates dropped by .01% to 4.58%. The 52-week high is 4.78%.

Adjustable-rate mortgage 5/1 year (ARM) declined to 3.24%. The 52-week high is 3.37%.