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Mortgage Rates Update > 11/04/13

Graph of Primary Mortgage Market Survey: 5-Year Adjustable Rate
Mortgage Rates begin the week holding steady after an up and down ride last week. There were no significant events or headlines to move financial markets and the Mortgage-Backed Securities had a relatively calm day. More Factory Order data is due out on Tuesday which could have an effect on rates moving forward.

The average 30-year fixed rate starts the week where it ended last week, at the 4.25% range. The same is true for the average 15-year fixed rate which held steady at 3.32%. The average 30-year FHA closed the day at the 3.89% range, while the average 5/1 year ARM increased slightly to the 3.22% range.

 

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