Mortgage Rates 10-21-13

By Steven Roberts Updated on 10/21/2013

Will interest rates go up tomorrow? Mortgage professionals believe mortgage rates will rise tomorrow, according to our live poll. All sights are set on tomorrow’s Employment Situation Report, which has been absent since the shutdown began. This vital piece of data will reflect our current economic stability and will act as a catalyst for market movement. However, economist now believe the Fed will postpone tapering until the new debt ceiling negotiation in February, considering the financial strain the shutdown has caused. There are four days of economic data so prepare for volatility and fluctuation in market rates. Join us tomorrow for your rate update and Wednesday's rate prediction.

The 30-year fixed-rate mortgage (FRM) rates rose by .01% to 4.28%. The 52-week high is 4.85%.

15-year FRM rates increased by .01% to 3.40%. The 52-week high is 3.90%.

FHA 30-year FRM rates rose by .02% to 3.40%. The 52-week high is 4.60%.

Non-conforming conventional rates moved up by .01% to 4.29%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) decreased by .02% to 3.17%. The 52-week high is 3.37%.