Mortgage Rates 7-23-2013

Will mortgage rates go up tomorrow? The answer to this question lies with the results of the Treasury auction anticipated later today. It is expected that mortgage rates will remain stable throughout the week as no major market influencers are expected to take place. Mortgage rates improved slightly yesterday. Are mortgage rates going down tomorrow? Mortgage rates continue to sit at relatively low levels by historic standards. Mortgage professionals are hopeful that rates will remain mostly stable for some time.

The 30 year fixed rate mortgage best execution rate is 4.36%, a decrease of -0.05% from Monday. Today's rates shifted away from to the 52-week high of 4.73%.

The 15 year fixed rate mortgage best execution rate is 3.58%, a decrease of -0.04% from yesterday. The 52-week high is 3.83%..

The FHA 30 year fixed rate mortgage best execution rate did not change, remaining fixed at 4.25%.

The Jumbo 30 year fixed rate mortgage best execution rate fell to 4.45%, moving lower by -0.05%..

The 5/1 year Adjustable Rate Mortgage (ARM) best execution rate also shrank, falling from 3.23% to 3.21% and moving farther from the 52-week high of 3.37%.

Gretchen Wegrich

Gretchen Wegrich is an editor at Lender411. She specializes in mortgage basics, personal finance and green living. She graduated with a bachelor's degree in writing from University of California, San Diego and previously worked at the Santa Cruz Sentinel. Contact her at gretchen@lender411com.