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Mortgage Rates Update > 6/14/2013

Graph of 30-Year Conventional Mortgage Rate

After mortgage rates climbed at a pace unseen in years due to fears of the FED exit from MBS markets, the pressure pushing rates higher took a breather over the last several days. Language in recent remarks from the Federal Reserve leave little doubt in bond investors minds that the markets could be on their own sooner rather then later, however.

Average mortgage rates 30-year fixed-rate mortgages improved to around 4.25% for the prior week, down slightly from last week. Average 15-year mortgage rates also improved slightly to around 3.5%, as did FHA mortgage rates which fell to 3.875%. Ratesguide.com offers insight into mortgage interest rates today.

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