Mortgage Rates 9-23-13

By Steven Roberts Updated on 9/26/2013

Will interest rates go down tomorrow? The mortgage market is likely to remain flat, according to mortgage experts voting on our Live Poll. Fluctuation in either direction by .01-.02% is probable. The stock market is suffering this morning, which may shuffle investors towards the bond market for security. The 10-year Bond forfeited all gains today, declining by 1.06% to 2.703. Market improvement is foreseeable, however the Feds await positive economic data that implies economic stability. The market will remain volatile as investors and banks fear the inevitable deduction in Federal spending. Join us tomorrow for Wednesday's prediction.

30-year fixed-rate mortgage (FRM) rates declined by .03% to 4.42%. The 52-week high is 4.85%.

15-year FRM rates decreased by .03% to 3.53%. The 52-week high is 3.90%.

FHA 30-year FRM rates declined by .04% at 4.14%. The 52-week high is 4.60%.

Non-conforming conventional rates decreased by .03% to 4.40%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) dropped by .04% to 3.12%. The 52-week high is 3.37%.