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Mortgage Rates 12-17-13

By Steven Roberts Updated on 12/17/2013

Will interest rates go down tomorrow? It is difficult to be sure, as the direction of mortgage rates are directly correlated to the Feds Monetary Policy Statement tomorrow. However, mortgage professionals voting on our live poll are confident the Fed will announce their decision to taper off mortgage backed securities, subsequently driving a surge in interest rates. The mortgage market has been calm for day's, because investors are hesitant to make a move until the announcement. Today's economic data, the Consumer Price Index, illustrated a growth of confidence in the economy and increased spending this holiday season. In addition, a compromise on our 2014 fiscal budget has led to a stronger interest in stocks and less in bond markets. Positive economic data may give the Feds support to beging easing off their current stimulus. Due to the volatility of the mortgage market, industry experts suggest that you lock today and avoid the potential surge in interest rates. Check back at 11 A.M. PT tomorrow for an update on the Feds announcement and the effect on mortgage rates.

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

4.000%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 19, 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 19, 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 19, 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 19, 2019
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7

 

 30-year (FRM) rates resisted change at 4.57%. The 52-week high is 4.85%.

15-year (FRM) rates remained steady at 3.58. The 52-week high is 3.90%.

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

Jumbo 30 Year Fixed rates escalated by .01 to 4.51%. The 52-week high is 4.79%.

5/1 Year (ARM) rates decreased by .01% to 3.25%. 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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