Mortgage Rates 7-30-2013

Updated on 7/30/2013

Are mortgage rates going up or down tomorrow? The answer to this question is hinted at by today's small upward shift in rates, considered a harbringer of potentially larger movements towards the end of the week. The directional movement of mortgage rates is uncertain, but extreme volatility is possible during the next few days following GDP, ADP Employment data and a Fed announcement. Experts predict rates could shoot back up to the highs reached July 5, or may plummet down into the low 4s. In general, rates are rising.

The 30 year fixed rate mortgage best execution rate is 4.47%, an increase of 0.03% from Friday. Today's rates shifted towards the 52-week high of 4.73%.

The 15 year fixed rate mortgage best execution rate is 3.66%, an increase of 0.02% over yesterday. The 52-week high is 3.83%.

The FHA 30 year fixed rate mortgage best execution rate held steady at 4.25%.

The Jumbo 30 year fixed rate mortgage best execution rate climbed to 4.53%, moving higher by 0.02%.

The 5/1 year Adjustable Rate Mortgage (ARM) best execution rate climbed to 3.26%, shifting nearer to the 52-week high of 3.37%.