Mortgage Rates 7-25-2013

Will mortgage rates go up tomorrow? The answer to this question lies with today's upward movement, which suggests that mortgage rates are still volatile and may continue to fluctuate in anticipation of next week's important events. Today's increase in rates is more significant than in recent days, but analysts  predict the climb is simply part of the continuous leveling off process following recent market instability. Are mortgage rates going down tomorrow? Mortgage rates are expected to continue leveling off, which suggest slight upward or horizontal movement.

The 30 year fixed rate mortgage best execution rate is 4.49%, an increase of 0.08% from Tuesday. Today's rates shifted nearer to the 52-week high of 4.73%.

The 15 year fixed rate mortgage best execution rate is 3.67%, an increase of 0.05% from yesterday. The 52-week high is 3.83%.

The FHA 30 year fixed rate mortgage best execution rate did not move from yesterday's rate of 4.25%.

The Jumbo 30 year fixed rate mortgage best execution rate climbed to 4.57%, moving higher by 0.07%.

The 5/1 year Adjustable Rate Mortgage (ARM) best execution rate moved higher, reaching 3.25% and moving nearer to 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.