Mortgage Rates 12-20-13

By Steven Roberts Updated on 12/20/2013

Will mortgage interest rates go up tomorrow? According to mortgage professionals voting on our live poll, interest rates are rising and will continue to do so in response to Federal tapering. As the government trims its stimulus program, the banks will become less profitable and more dependent on home buyers to compensate. However, this is unlikely due to our economic instability and the subsequent result will be higher interest rates. The months of anticipation may allow this first wave of tapering to be less dramatic as it was to be expected and prepared for, according to our tapering poll. Upcoming FOMC meetings may imply an increase in tapering, but it will be dependent on the economic data provided to support the improvement of our economy. Check back daily for your mortgage news and rate update.

30-year (FRM) rates increased by .03% to 4.62%. The 52-week high is 4.85%.

15-year (FRM) rates rose by .04% to 3.64. 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 .03 to 4.57%. The 52-week high is 4.79%.

5/1 Year (ARM) rates declined by .03% to 3.23%. The 52-week high is 3.37%.