Mortgage Rates 8-8-2013

Are mortgage rates going up tomorrow? Today's mortgage rates did not change very much from yesterday, moving slightly lower overall and maintaining the relatively steady course rates have been on since last week. Tomorrow's rates are likely to continue this trend. Will mortgage rates go down tomorrow? While there are no major market moving events expected this week, recent rate trends have reflected strengthened rates in response to rising consumer confidence and optimistic economic data. Overall, mortgage rates are expected to rise.

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

Disclaimer

The 15-year FRM rates also moved slightly lower, with rates falling to 3.66%, and moving away from the 52-week high of 3.83%.

FHA 30-year FRM rates held steady at 4.25%, below the 52-week high of 4.56%.

Nonconforming conventional loans also did not move this session, sitting at 4.47%, below the 52-week high of 4.78%.

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

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.