Mortgage Rates 10-9-13

By Steven Roberts Updated on 10/9/2013

What will interest rates do tomorrow?  Market rates are likely to resist change tomorrow, according to mortgage pros voting on our live poll. Today’s rates were consistent with yesterday's rates. Volatility remains high as the Feds did not insinuate during the FOMC Minutes when they would begin tapering off mortgage-backed securities. There is speculation that the Feds will patiently wait for economic stability. Investors are anticipating this week’s industry reports: Wholesale Inventories; Trade Balance; Retail Sales Data. The shutdown has already impaired the lending process by preventing IRS Tax Return Verifications and postponing all underwriting of USDA loans. The market may continue its static behavior until the October 17th dead for the government shutdown. Check back tomorrow for your rate update and Friday's prediction.

30-year fixed-rate mortgage (FRM) rates remained at 4.33%. The 52-week high is 4.85%.

15-year FRM rates staggered back to 3.42%. The 52-week high is 3.90%.

FHA 30-year FRM rates declined by .01% to 4.01%. The 52-week high is 4.60%.

Non-conforming conventional rates rose by .01% to 4.34%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) decreased by .02% to 3.12%. The 52-week high is 3.37%.