Mortgage Rates 8-7-2013

Are mortgage rates going to go up or down tomorrow? Mortgage rates this week have remained almost entirely flat, continuing last week's trend of non-volatility. The lack of volatility is due to the fact that there is very little market moving events currently taking place --such events typically include employment data or announcements by the Fed concerning policy changes. Experts warn that future visibility is hazy and recommend remaining watchful since an unanticipated event could cause a sudden shift in mortgage rates. Overall, rates are expected to rise throughout the second half of 2013.

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

Disclaimer

The 30 year fixed rate mortgage best execution rate was unchanged at 4.49%. The 52-week high is 4.73%.

The 15 year fixed rate mortgage best execution rate decreased to 3.68% from yesterday's rate of 3.69%. 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 decreased by 0.01% to 4.47%. The 52 week high is 4.78%.

The 5/1 year Adjustable Rate Mortgage (ARM) best execution is 3.23% and increased by 0.01 from yesterday. The 52-week high of 3.37%.

Gretchen Wegrich

Gretchen Wegrich is an editor at Lender411. She specializes in mortgage basics, personal finance and green living. She graduated with a bachelor's degree in writing from University of California, San Diego and previously worked at the Santa Cruz Sentinel. Contact her at gretchen@lender411com.