Mortgage Rates 7-26-2013

Are mortgage rates going up tomorrow? The answer falls somewhere in line with today's slight downward shift, indicating that mortgage rates are settling into a brief period of dormancy awaiting next week's market moving events. Are mortgage rates going down tomorrow? Mortgage rates are expected to continue leveling off, which suggests slight rate fluctuations or horizontal movement.

The 30 year fixed rate mortgage best execution rate is 4.48%, a tiny downward movement of 0.01% from Thursday. Today's rates shifted away from the 52-week high of 4.73%.

The 15 year fixed rate mortgage best execution rate is 3.66%, an small decrease of 0.01% from yesterday. The 52-week high is 3.83%.

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

The Jumbo 30 year fixed rate mortgage best execution rate receeded to 4.55%, moving lower by 0.02%.

The 5/1 year Adjustable Rate Mortgage (ARM) best execution rate fell to 3.23% and moved away 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.