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Mortgage Rates 10-16-13

By Steven Roberts Updated on 10/16/2013

What will interest rates do tomorrow? Mortgage professionals predict a slight increase in market rates, according to our live poll. The word in Washington is that the government has reached a compromise on the temporary debt ceiling increase. The government shutdown will end and the 16.7 trillion fiscal budget will extend to February, demanding compromise on a new budget by January. Expect a dramatic reaction in market movement today as investors have anticipated this moment. The stock and bond markets are improving immediately, however implications for interest rates remain volatile. Expert opinions in Washington suggest tapering will hinder until 2014, when the US economy has regained economic stability. Economic data reports will return, providing insight into the stability of our economy and may reflect the strain our shutdown has caused. Join us tomorrow for your rate update and Friday's prediction.

Displaying rates for Mortgage Refinance in CA for $200,000

4.000%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 20, 2019
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available

3.721%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated October 20, 2019
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

3.538%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated October 20, 2019
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.75% APR
  • Fixed Rate 15yr

4.045%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated October 20, 2019
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7

The 30-year fixed-rate mortgage (FRM) rates dropped by .03% to 4.39%. The 52-week high is 4.85%.

15-year FRM rates declined by .03% to 3.48%. The 52-week high is 3.90%.

FHA 30-year FRM rates decreased by .04% to 4.01%. The 52-week high is 4.60%.

Non-conforming conventional rates declined by .03% to 4.36%. The 52-week high is 4.79%.

Adjustable-rate mortgage 5/1 year (ARM) increased by .03% to 3.12%. The 52-week high is 3.37%.

About The Author:
Steven Roberts
Steven Roberts is an editor for Lender411. He specializes in mortgage and finance. Steven graduated from Cal State Long Beach. Contact him at Steven@Lender411com.

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