Mortgage Rates 11-18-13

By Steven Roberts Updated on 11/18/2013

What will interest rates do tomorrow? Market rates are predicted to rise tomorrow, according to mortgage professionals voting on our live poll. Tomorrow’s economic report will give insight as to the rate of inflation and rise in employee salaries nationwide. The results may shift the mortgage market in either direction, but keep in mind as inflation rises, interest rates are likely to compensate by following the behavior. Industry experts predict volatility in rates this week and suggest keeping an eye on these following economic reports: Employment Cost Index, FOMC Minutes, Retail Sales, Consumer Price Index and Existing Home Sales. The bond market is down by 1.14% to 2.678, which can be a good indication of higher market rates as the day progresses. Visit regularly for up-to-date rates and mortgage news.

30-year (FRM) rates decreased by .03% to 4.35%. The 52-week high is 4.85%.

15-year (FRM) rates dropped by .03% to 3.44%. The 52-week high is 3.90%.

FHA 30-Year Fixed rates declined by .04% to 4.08%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates came down by .02% to 4.33%. The 52-week high is 4.79%.

5/1 Year (ARM) rates rose by .02% to 3.22%. The 52-week high is 3.37%.