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Mortgage Rates 11-07-13

By Steven Roberts Updated on 11/7/2013

Will interest rates go up tomorrow? Market rates may increase slightly, remaining fairly stable, according to mortgage professionals voting our live poll. Interest rates ended unchanged today as we have received the first reading of our 3rd quarter GDP, which provided stronger than expected results. The stock and bond markets are declining today as investors turn their interest towards strong economic data in Europe. The mortgage market will remain volatile today as investing may be sporadic and purely speculative. The real market mover comes tomorrow in the form of our Employment Situation Report. Check back this afternoon for an update on market rates movement.

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30-year (FRM) rates decreased by .01% to 4.29%. The 52-week high is 4.85%.

15-year (FRM) rates remained at 3.41%. The 52-week high is 3.90%.

FHA 30-year Fixed rates held steady at 3.95%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates declined by .01% to 4.28%. The 52-week high is 4.79%.

5/1 year (ARM) rates decreased by .02% to 3.17%. 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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