Mortgage Rates 12-16-13

By Steven Roberts Updated on 12/16/2013

Will interest rates go down tomorrow? Mortgage rates should remain stable until the Feds Monetary Policy Statement on Wednesday, according to mortgage professionals voting on our live poll. Investors are hesitant to make a move until the Feds intentions to taper are clear, as it may be the end of historically low rates. The release of a weaker-than-expected manufacturing report had no significant effect on the mortgage market today. The recent compromise on our 2014 fiscal budget has led to a stronger interest in stocks and less in bond markets. However, today’s 10 Year Treasury bond is nearly unchanged, indicating stability in mortgage-backed securities and interest rates. Check back daily for mortgage news and your daily rate update.

30-year (FRM) rates resisted change at 4.57%. The 52-week high is 4.85%.

15-year (FRM) rates remained steady at 3.58. The 52-week high is 3.90%.

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

Jumbo 30 Year Fixed rates escalated by .01 to 4.50%. The 52-week high is 4.79%.

5/1 Year (ARM) rates decreased by .01% to 3.24%. The 52-week high is 3.37%.