Mortgage Rates 12-13-13

By Steven Roberts Updated on 12/13/2013

What will mortgage rates do Monday? According to mortgage professionals voting on our live poll, interest rates are likely to decline on Monday. No economic data is scheduled for release today and the next big event on the calendar is the Feds meeting on Monetary Policy. On December 18^th the Fed will announce their decision on Federal tapering off mortgage-backed securities. A compromise was reached this week regarding the 2014 fiscal budget, which may insinuate financial stability in the economy. As Wall Street has provided an array of conflicting economic data, it is purely speculation of tapering that will influence mortgage rates these next few days. Check back daily for mortgage news and your daily rate update.

30-year (FRM) rates increased by .03% to 4.57%. The 52-week high is 4.85%.

15-year (FRM) rates rose by .05% to 3.58. The 52-week high is 3.90%.

FHA 30-Year Fixed rates remained steady at 4.25%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates escalated by .03 to 4.49%. The 52-week high is 4.79%.

5/1 Year (ARM) rates decreased by .02% to 3.25%. The 52-week high is 3.37%.