Mortgage Rates 9-18-13

By Steven Roberts Updated on 9/18/2013

Are mortgage rates going up tomorrow? Difficult to say, but one thing is for sure, market rates will not surge to record highs as expected. The Federal Reserve have postponed tapering off mortgage-backed securities after considering our economic instability. Tomorrow’s rates may fluctuate lightly in either direction. Investors are trigger happy with stock and bonds in response to the Tapering decision and Bernanke’s Press Conference. Overall, the housing market will settle and rates will stabilize. Join us tomorrow for Friday’s prediction and tomorrow’s mortgage rates.

30-year fixed-rate mortgage (FRM) rates remained stable at 4.59%. The 52-week high is 4.85%.

15-year FRM rates moved by .01% to 3.70%. The 52-week high is 3.90%.

FHA 30-year FRM rates remained stable at 4.25%. The 52-week high is 4.60%.

Non-conforming conventional rates declined by .01% to 4.60%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) rose by .01% to 3.12%. The 52-week high is 3.37%.