Mortgage Rates 8-21-13

By Steven Roberts Updated on 8/21/2013

Will mortgage rates go down tomorrow? According to our poll, industry experts predict rates will increase slightly. Today’s market rates settle in the green, providing momentary relief as they stagger back down from this year’s record highs. However, the market remains volatile and fluctuation is to be expected. The Federal decision on tapering, still on the back burner until September, continues to deter market improvement. If it is good news you seek, experts forecast a calm before the storm. You may want to lock your rate, as future market stability is unpredictable. We may see stabilization before the Fed insinuates their intentions for Tapering.

 

30-year fixed-rate mortgage (FRM) rates decreased by 0.04% to 4.71%. This 52-week high is 4.75%.

15-year FRM rates decreased by .03% to 3.81%. This 52-week high is 3.84%.

FHA 30-year FRM rates have decreased by .04% to 4.37%. The 52-week high is 4.56%.

Nonconforming conventional loans have decreased by .03% to 4.72%. The 52-week high is 4.78%.

Adjustable-rate mortgage (ARM) Loans decreased today by 0.01%. The 5/1 year ARM is at 3.29%.