Mortgage Rates 10-3-13

By Steven Roberts Updated on 10/3/2013

What will interest rates do tomorrow? Mortgage rates are predicted to hold relatively steady tomorrow, according to mortgage professionals voting on our live poll. Tomorrow's Employment Situation Report will be unavailable due to the government shutdown, suspending speculation until next week's release of economic data. Market movement is flat and may be until government controversy on Capitol Hill subsides. The shutdown has already affected the lending process and may eventually drive up interest rates. In positive light, the Feds are unable to begin tapering without sufficient data that supports economic stability. Check back tomorrow for your rate update and Monday's prediction.

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

15-year FRM rates remained at 3.40%. The 52-week high is 3.90%.

FHA 30-year FRM rates remained at 4.00%. The 52-week high is 4.60%.

Non-conforming conventional rates declined by .01% to 4.32%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) dropped by .02% to 3.13%. The 52-week high is 3.37%.