Mortgage Rates 8-05-2013

By Sari R. Updated on 8/5/2013

Following the Employment Situation Report, mortgage rates took a turn for the better. Besides the FHA 30 Year Fixed Rate, all rates fell by at least 0.09 percentage points. This means that these rates have dropped signicantly below the 52 Week High. Even though today is a relief from higher mortgage rates, we are still in a rising rate environment; therefore, higher rates should be expected by the end of this week.

Displaying rates for Mortgage Refinance in CA for $200,000

Disclaimer

The 30 year fixed rate mortgage best execution rate is 4.48%, reflecting a change of -0.09. The 52-week high is 4.73%.

The 15 year fixed rate mortgage best execution rate slightly decreased to 3.68% from 3.72% yesterday. The 52-week high is 3.83%.

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

The Jumbo 30 year fixed rate mortgage best execution rate decreased, falling downwards by 0.08% to 4.49%. The 52 Week High is 4.78%.

The 5/1 year Adjustable Rate Mortgage (ARM) best execution is 3.20% and decreased by 0.08 from yesterday. The 52-week high of 3.37%.

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About The Author:

Sari R.

Sari R. is a mortgage editor for Lender411com. She graduated with a Bachelor's Degree in Screenwriting and Public Relations/Advertising from Chapman University. She can be reached at sarelyn@lender411com.

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