Mortgage Rates 7-18-2013

The question of whether mortgage rates are going up tomorrow is full of uncertainty. Mortgage rates yesterday dropped following Bernanke's testimony. Are mortgage rates going to go down tomorrow? Mortgage rates continue to be low by historic standards and expert's are optimistic that rates will remain stable for awhile following Bernanke's reassurances.

The 30 year fixed rate mortgage best execution rate is 4.41%, a downward movement of -.04% from yesterday. Today's rates shifted further from the 52-week high of 4.73%.

The 15 year fixed rate mortgage best execution rate is 3.63%,a decrease of -0.03% from yesterday. The 52-week high is 3.83%..

The FHA 30 year fixed rate mortgage best execution rate did not change, remaining fixed at 4.25%.

The Jumbo 30 year fixed rate mortgage best execution rate lowered to 4.50%, moving lower by -0.05%..

The 5/1 year Adjustable Rate Mortgage (ARM) best execution rates shrank, falling from 3.28% to 3.25% and moving farther from the 52-week high of 3.37%.

Gretchen Wegrich

Gretchen Wegrich is an editor at Lender411. She specializes in mortgage basics, personal finance and green living. She graduated with a bachelor's degree in writing from University of California, San Diego and previously worked at the Santa Cruz Sentinel. Contact her at gretchen@lender411com.