Mortgage Rates 8-26-13

By Steven Roberts Updated on 8/26/2013

Will mortgage rates go down tomorrow? According to our poll as of 11:23 ET, mortgage experts forecast lower rates tomorrow morning. The New Home Sale Report, released Friday afternoon, provided weak economic data. In response, the Feds made a brief statement implying an act of deliberation regarding their decision on Tapering. Speculation continues to invite inconsistency and fluctuation in the market, however rates dropped dramatically this morning and the same may be said for tomorrow. Future market stability is unpredictable, however the market may reside before the much anticipated Tapering decision this September.

30-year fixed-rate mortgage (FRM) rates dropped by 0.10% to 4.67%. The 52-week high remains at 4.67%.

15-year FRM rates decreased by .09% to 3.76%. This 52-week high is 3.85%.

FHA 30-year FRM rates sunk to 4.45% by .10%. The 52-week high is 4.56%.

Nonconforming conventional rates lowered by .10% to 4.65%. The 52-week high is 4.78%.

Adjustable-rate mortgage 5/1 year (ARM) dropped by .05% to 3.30%. The 52-week high is 3.37%.