Mortgage Rates 8-15-13

By Steven Roberts Updated on 8/15/2013

Are mortgage rates going up tomorrow?  This seems to be the case, however it is difficult to be sure. Fluctuation is to be expected in reaction to today’s release of the Consumer Price Index and Jobless Claims Report. Forecasts imply a slow and steady rise in mortgage rates this next month regarding the Federal decision on tapering, expected to be final by September 18. If it is good news you seek, today’s increase was less painful than yesterday and the FHA 30-year FRM has dodged bullets all week, stabilizing at 4.25%.

 

30-year fixed-rate mortgage (FRM) interest rates increased by 0.01% to 4.52%. The 52-week high is 4.73%.

15-year FRM rates increased by .01% to 3.70%. The 52-week high is 3.83%.

FHA 30-year FRM rates have stabilized at 4.25%. The 52-week high of 4.56%.

Nonconforming conventional loans increased by .01% to 4.55%, The 52-week high of 4.78%.

Adjustable-rate mortgage (ARM) Loans decreased today by 0.01%. The 5/1 year ARM is at 3.24%.