Mortgage Rates 9-16-13

By Steven Roberts Updated on 9/16/2013

What will mortgage rates do tomorrow? Mortgage professionals predict market rates will stabilize tomorrow, according to our daily poll. This may be the calm before the storm. Anticipation is high as we wait for Wednesday’s Federal decision on Tapering off mortgage-backed securities. The mortgage market has been preparing for a cut in Federal spending. However, the response by investors may devastate the industry and drive market rates to record highs. Today’s rates decrease slightly due to the Retail Sales Report data. Join us for Tuesday’s rate update and Wednesday’s forecast.

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

Disclaimer

30-year fixed-rate mortgage (FRM) rates decrease by .04% to 4.64%. The 52-week high is 4.85%.

15-year FRM rates declined by .02% to 3.74%. The 52-week high is 3.90%.

FHA 30-year FRM rates lowered by .04% to 4.31%. The 52-week high is 4.60%.

Non-conforming conventional rates dropped by .04% to 4.65%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) decreased by .01% to 3.13%. The 52-week high is 3.37%.

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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