Mortgage Rates 10-24-13

By Steven Roberts Updated on 10/24/2013

What will interest rates do tomorrow? Market rates are predicted to remain fairly stable, according to mortgage professionals voting our live poll. Market rates dropped to 4 month lows yesterday in response to weak data provided by the Non-Farm Payroll and the Jobless Claims Reports. Until further notice, bad news is good news for mortgage rates as it hinders the Fed from tapering off MBS investment. Interest rates are predicted to remain exceptionally low until we regain economic stability and Politicians compromise on the debt ceiling negotiation this February. The 10-Year Treasury bond is up by 0.72% at 2.503, which can be a good indication of bond market improvement. Join us tomorrow for your market rate update and Monday's prediction.

30-year (FRM) rates remained stable at 4.10%. The 52-week high is 4.85%.

15-year (FRM) rates decreased by .01% to 3.26%. The 52-week high is 3.90%.

FHA 30-year (FRM) rates declined by .01% to 3.83%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates moved lower by .02% to 4.12%. The 52-week high is 4.79%.

5/1 year (ARM) rates decreased by .02% to 3.15%. The 52-week high is 3.37%.