Mortgage Rates 10-4-13

By Steven Roberts Updated on 10/4/2013

Will interest rates go down Monday? The market is predicted to remain stable, according to mortgage professionals voting on our live poll. Investors lie dormant as today’s Employment Situation Report is unavailable due to the government shutdown. Market movement is dependent upon a catalyst and that comes next week in the form of three economic data reports: Wholesale Inventories; Trade Balance; Retail Sales Data. Controversy on Capitol Hill must subside soon to avoid damaging the housing market. The lending process was immediately distressed by the furlough of the FHA and IRS. If it is good news you seek, the Feds are unable to begin tapering without sufficient data that supports economic stability. Check Monday for your rate update and Tuesday's prediction.

30-year fixed-rate mortgage (FRM) rates increased by .01% to 4.30%. The 52-week high is 4.85%.

15-year FRM rates rose by .02% by 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 increased by .01% to 4.33%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) rose by .01% to 3.12%. The 52-week high is 3.37%.