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Mortgage Rates 10-30-13

By Steven Roberts Updated on 10/30/2013

Will interest rates go up tomorrow? Mortgage experts predict fairly stable rates tomorrow, according to our live poll. The mortgage market resisted movement yesterday after the release of moderately weak economic data. However, the market remains volatile this week as investors sit tight for today’s FOMC policy statement, which will give insight into the Feds future plans for tapering off MBS stimulus. Speculation is inevitable, but industry experts believe tapering will not take place until next year when the economy has regained financial stability. Check back tomorrow for your rate update and Friday's prediction.

30-year (FRM) rates held steady at 4.11%. The 52-week high is 4.85%.

15-year (FRM) rates moved up by .01% to 3.27%. The 52-week high is 3.90%.

FHA 30-year (FRM) rates remained stable at 3.80%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates held steady at 4.12%. The 52-week high is 4.79%.

5/1 year (ARM) rates increased by .01% to 3.11%. 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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