Mortgage Rates 7-24-2013

If you are wondering if mortgage rates will go up tomorrow, the answer rests with US Treasuries markets and trading conditions among the mortgage-backed securities. Today's increase in rates is minor and experts predict the climb is simply part of the leveling off process following recent market instability.  Mortgage rates are expected to remain stable throughout the end of the week as no major market incidents are expected to occur. Are mortgage rates going down tomorrow? Mortgage rates are expected to remain mostly stable. Rates continue to be relatively low by historic standards. In general, mortgage professionals predict continuing market stability.

The 30 year fixed rate mortgage best execution rate is 4.41%, an increase of 0.05% from Tuesday. Today's rates shifted away from to the 52-week high of 4.73%.

The 15 year fixed rate mortgage best execution rate is 3.62%, an increase of 0.04% from yesterday. The 52-week high is 3.83%.

The FHA 30 year fixed rate mortgage best execution rate remained fixed at 4.25%.

The Jumbo 30 year fixed rate mortgage best execution rate returned to 4.50%, moving higher by 0.05%.

The 5/1 year Adjustable Rate Mortgage (ARM) best execution rate did not change, holding steady at 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.