Mortgage Rates 7-11-2013

If you are wondering, will mortgage rates go up tomorrow? the likely answer is that rates are demonstrating volatility and could easily shift in either direction. Today's rates shifted upwards, loosing much of the ground gained earlier this week. If you are wondering, will mortgage rates go down tomorrow? the likely answer is that while rates remain low by historic standards and may continue to recover a portion of the losses experienced last week, they are not expected to return to the record lows achieved earlier this year.

The 30 year fixed rate mortgage best execution rate is 4.63%, a shift of .08% from yesterday's rate of 4.55%. Today's rates climbed towards the 52-week high of 4.73%.

The 15 year fixed rate mortgage best execution rate is at 3.79%, an increase of 0.06% from yesterday's rate of 3.73% and a upward shift toward the new 52-week high established this week.

The FHA 30 year fixed rate mortgage best execution rate rose from 4.39% to 4.47%.

The Jumbo 30 year fixed rate mortgage best execution rate is at 4.70%, up from yesterday's mark of 4.65%.

The 5/1 year Adjustable Rate Mortgage (ARM) best execution rates saw the greatest upward increase, shifting from 3.18% to 3.37% and establishing a new 52-week high.

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.