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Mortgage Rates Update > 11/06/13

Graph of Primary Mortgage Market Survey: 15-Year Fixed Rate
Mortgage Rates had a relatively quiet day and saw little change on Wednesday ahead of economic data being released Thursday and Friday. Rates are already at mid-October highs and Thursday’s 3rd Qtr GDP report, delayed from the government shutdown, and Friday’s Employment Situation report could likely see more rate increases if the numbers are good.

The average 30-year fixed rate held steady at the 4.30% range, as did the average 15-year fixed rate which held at the 3.37% range. The average 30-year FHA rate rose slightly to the 3.96% range. And the average 5/1 year ARM dropped a bit to the 3.22% range.

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