Mortgage Rates 9-27-13

Updated on 9/27/2013

What will mortgage rates do Monday? Mortgage professionals believe interest rates will remain stable on Monday, according to our Live Poll. The market should remain flat as there will be no fresh economic data today. This week’s New Home Sales and Initial Jobless Claims Reports did not shake the mortgage market. Interest rates remain stable at 3-month lows. Fear of the government shutdown may temporarily attract investors to more secure options like MBS and Treasury bonds. The 10-year Bond is declining by .76% to 2.62. Bond market movement can be a good indicator of market rate behavior. Join us Monday for your rate update and Tuesday's prediction.

 30-year fixed-rate mortgage (FRM) rates declined by .06% to 4.28%. The 52-week high is 4.85%.

15-year FRM rates decreased by .04% to 3.40%. The 52-week high is 3.90%.

FHA 30-year FRM rates dropped by .06% at 4%. The 52-week high is 4.60%.

Non-conforming conventional rates declined by .03% to 4.33%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) lowered by .02% to 3.08%. The 52-week high is 3.37%.