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Mortgage Rates 12-12-13

By Steven Roberts Updated on 12/12/2013

Will mortgage rates go up tomorrow? According to mortgage professionals voting on our live poll, interest rates are likely to rise tomorrow. A compromise was reached this week regarding the 2014 fiscal budget. This will reassure investors that the economy will financially stabilize and stock markets are likely to thrive. Keep in mind, good news for the economy is bad news for mortgage rates, as the Fed intends to begin tapering off mortgage-backed securities. Expect volatility in the mortgage market until the Feds December 18th meeting. Check back daily for mortgage news and your daily rate update.

30-year (FRM) rates increased by .07% to 4.54%. The 52-week high is 4.85%.

15-year (FRM) rates rose by .04% to 3.53. The 52-week high is 3.90%.

FHA 30-Year Fixed rates remained steady at 4.25%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates escalated by .04 to 4.46%. The 52-week high is 4.79%.

5/1 Year (ARM) rates decreased by .02% to 3.23%. 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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