Mortgage Rates 8-23-13

By Steven Roberts Updated on 9/25/2013

Are mortgage rates going up? Data from our Lender411 poll suggests, mortgage experts predict stabilization or a minimal increase in market rates Monday morning. Speculation continues to invite inconsistency and fluctuation in the market. The FOMC Minutes inspired today’s rise, resetting new 52 week record highs. Future market stability is unpredictable, yet we may see stabilization before the Fed’s Tapering decision this September.

Displaying rates for Mortgage Refinance in CA for $200,000

Disclaimer

30-year fixed-rate mortgage (FRM) rates rose by 0.03% to 4.77%. This is the new 52-week high.

15-year FRM rates increased by .03% to 3.85%. This is the new 52-week high.

FHA 30-year FRM rates peaked to 4.45% by .05%. Slightly below the 52-week high of 4.56%.

Nonconforming conventional rose by .03% to 4.75%. The 52-week high is 4.78%.

Adjustable-rate mortgage (ARM) loan rose by .01%. The 5/1 year ARM is at 3.35%.

About The Author:

Steven Roberts

Steven Roberts is an editor for Lender411. He specializes in mortgage and finance. Steven graduated from Cal State Long Beach. Contact him at Steven@Lender411com.

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