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Mortgage Rates 12-23-13

By Steven Roberts Updated on 12/23/2013

What will interest rates do tomorrow? Mortgage rates are predicted to be fairly stable to slightly higher, according to mortgage professionals voting on our live poll. As the government tapers off the bond stimulus program, banks will become less profitable and more dependent on home buyers to compensate. Higher interest rates will attempt to make up for the $5 billion a month reduction. Upcoming FOMC meetings may imply an increase in tapering, but it will be dependent on the economic data provided to support the improvement of our economy. However, Christmas is Wednesday and Wall Street has a light week scheduled for economic reports. Check back daily for your mortgage news and rate update.

30-year (FRM) rates decreased by .03% to 4.59%. The 52-week high is 4.85%.

15-year (FRM) rates declined by .03% to 3.61. 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 dropped by .02 to 4.55%. The 52-week high is 4.79%.

5/1 Year (ARM) rates declined by .01% to 3.22%. 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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