Mortgage Rates 9-03-13

By Steven Roberts Updated on 9/3/2013

Are mortgage rates going up tomorrow? According to our poll at 11:43 AM, mortgage experts predict tomorrow’s rates will increase. Fluctuation in market rates are to be expected due to speculation of this Friday’s Employment Situation Report. The Fed’s tapering decision is more likely to support the housing market if the economic report presents negative data. September 18 marks the Federal meeting to discuss their intentions on bond-buying and the volatility of the market if they decide to taper off. Today, the market remained flat as Friday had not presented any new economic data.

 

30-year fixed-rate mortgage (FRM) rates rose by 0.01% to 4.59%. The 52-week high is 4.77%.

15-year FRM rates stabilized at 3.69%. This 52-week high is 3.85%.

FHA 30-year FRM rates remained at 4.27%. The 52-week high is 4.56%.

Nonconforming conventional rates dropped by .01% to 4.57%. The 52-week high is 4.78%.

Adjustable-rate mortgage 5/1 year (ARM) increased to 3.25 by .01%. The 52-week high is 3.37%.