Mortgage Rates 7-22-2013

Will mortgage rates rise tomorrow? The answer lies in Friday's rate behavior and the likelihood that this downward trend will continue. Mortgage rates Friday receded slightly. Are mortgage rates going to go down tomorrow? Mortgage rates remain low by historic standards and experts report they are optimistic that rates will remain mostly stable for awhile.

The 30 year fixed rate mortgage best execution rate is 4.41%, an downward movement of -0.03% from Thursday. Today's rates shifted away from to the 52-week high of 4.73%.

The 15 year fixed rate mortgage best execution rate is 3.62%, a decrease of -0.03% from yesterday. The 52-week high is 3.83%..

The FHA 30 year fixed rate mortgage best execution rate remained stable at at 4.25%.

The Jumbo 30 year fixed rate mortgage best execution rate fell to 4.50%, moving lower by -0.03%..

The 5/1 year Adjustable Rate Mortgage (ARM) best execution rate also shrank, falling from 3.26% to 3.23% 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.