Mortgage Rates 12-19-13

By Steven Roberts Updated on 12/19/2013

What will mortgage rates do tomorrow? According to mortgage professionals voting on our live poll, interest rates are predicted to rise tomorrow. The Federal Reserve delivered negative news for the mortgage market, announcing a $10 billion trim to the bond purchase program. Mortgage backed securities and US Treasuries bonds will each be reduced by $5 billion a month in financial stimulus. Ben Bernanke, soon to be replaced as chairman, illustrated that our economy is experiencing a progressive recovery and will continue to do so in 2014. Talk of tapering has been the most volatile influence on mortgage rates these last few months and rates have already begun to rise. However, due to the extensive planning and preparation, the stock, bond and mortgage markets may be able to compensate a minimal reduction for now. Check back tomorrow to see how interest rates respond.

 30-year (FRM) rates increased by .02% to 4.59%. The 52-week high is 4.85%.

15-year (FRM) rates rose by .02% to 3.60. 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 .02 to 4.54%. The 52-week high is 4.79%.

5/1 Year (ARM) rates increased by .02% to 3.26%. The 52-week high is 3.37%.