Mortgage Rates 11-15-13

By Steven Roberts Updated on 11/15/2013

What will interest rates do Monday? Industry professionals predict unchanged levels in market rates on Monday, according to our live poll. The mortgage market improved yesterday in response to Janet Yellen’s confirmation as Chair of the Fed. She has implied that she does not anticipate tapering off mortgage-backed securities, as she intends to keep interest rates at historic lows to stimulate the housing market to stimulate economic growth. The bond market is up by 0.37% and industrial reports were negative. Keep in mind, bad news is good news for interest rates. Visit regularly for up-to-date rates and mortgage news.

30-year (FRM) rates decreased by .04% to 4.38%. The 52-week high is 4.85%.

15-year (FRM) rates dropped by .03% to 3.47%. The 52-week high is 3.90%.

FHA 30-Year Fixed rates declined by .07% to 4.12%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates came down by .01% to 4.35%. The 52-week high is 4.79%.

5/1 Year (ARM) rates rose by .02% to 3.24%. The 52-week high is 3.37%.