Mortgage Rates 9-5-13

By Steven Roberts Updated on 9/5/2013

Will mortgage rates go up tomorrow?  Slightly higher, yet mostly stable market rates are to be expected tomorrow, according to our poll at 11:37 A.M. ET. Inconsistency is inevitable, as speculation rises regarding Friday’s Unemployment Report. Positive economic data may adversely affect the Fed’s September 18^th decision, leading to a taper off of Mortgage Backed Securities. Today’s rates peaked slightly below the 52 week high, as predicted by mortgage experts voting on Lender411’s live poll. Join us tomorrow for results and Monday’s prediction.

 

30-year fixed-rate mortgage (FRM) rates rose by .06% to 4.74%. The 52-week high is 4.77%.

15-year FRM rates increased to 3.82% by .05%. This 52-week high is 3.85%.

FHA 30-year FRM rates reached 4.43%. The 52-week high is 4.56%.

Nonconforming conventional rates rose by .05% to 4.70%. The 52-week high is 4.78%.

Adjustable-rate mortgage 5/1 year (ARM) decreased to 3.19 by .02%. The 52-week high is 3.37%.