Mortgage Rates 12-18-13

By Steven Roberts Updated on 12/18/2013

What will mortgage rates do tomorrow? According to mortgage professionals voting on our live poll, interest rates are predicted to go down tomorrow in response to the Feds announcement on monetary policy. However, financial experts and many mortgage pros are in disagreement, as they are confident the Feds will postpone tapering until March 2014, when Janet Yellen has taken office as chairman. Recent economic data has not provided clear support for economic stability. Stay tuned for 2pm ET when the announcement will be released. Taper talk during these FOMC meetings are by far the most influential factor in mortgage interest rates. Tapering off mortgage backed securities will bring fear to investors as it will drive interest rates away from historic lows, subsequently restricting the growth of our housing and mortgage industries by limiting home sales.

 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 4.52%. 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%.