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Mortgage Rates 9-6-13

By Steven Roberts Updated on 9/6/2013

Are mortgage rates going up Monday? Mortgage experts predict lower rates Monday in response to the Unemployment Report released today. Economic data was slightly weaker than expected, implying the Fed’s may deter from the anticipated Tapering decision. Speculation of positive employment data led to today’s peak in market rates, climbing to new 2-year highs. Today marks the third consecutive day of escalation, however Monday’s decline seems promising. Join us Monday for the results.

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


30 Year Fixed
3.125% Rate $857/mo
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2.875% Rate $830/mo
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30-year fixed-rate mortgage (FRM) rates rose by .11% to 4.85%. This is the new 52-week high.

15-year FRM rates increased to 3.90% by .08%. This is the new 52-week high.

FHA 30-year FRM rates rose sharply by .17% to 4.60%. This is the new 52-week high.

Non-conforming conventional rates increased by .09% to 4.79%. This is the new 52-week high.

Adjustable-rate mortgage 5/1 year (ARM) reached 3.19. 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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