Skip to main content

Rates on HSH Mortgage Radar Rise to 4.53 Percent

Aug 07, 2013

Rates on the most popular types of mortgages held steady this week, according to's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by three basis points (0.03 percent) to 4.53 percent. Conforming 5/1 Hybrid ARM rates decreased by a single basis point, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.37 percent. "Mortgage rates are holding pretty stable as markets await new signals about the economy and Fed policy," said Keith Gumbinger, vice president of "In fact, this week's change in the average 30-year fixed rate mortgage was the smallest weekly move in almost two months." The Federal Reserve would like to begin winding down QE3, the central bank's latest Quantatative Easing program of purchasing mortgage-backed securities and Treasury bonds, perhaps as soon as September. However, economic growth remains "modest", according to the Fed, and it's not yet clear that a reduction in support for the economy is warranted. "Data scheduled for release over the next several weeks will be key," added Gumbinger. "With mortgage and other interest rates holding near their highest levels of the year, we'll start to see if housing activity has slowed, or by how much, and discover if the Fed makes a change. At the moment, despite a soft economy, it looks as though it will, but time will tell." Average mortgage rates and points for conforming residential mortgages for the week ending August 6, according to Conforming 30-year fixed-rate mortgage Average rate:   4.53 percent Average points: 0.15 Conforming 5/1-year adjustable-rate mortgage Average rate:   3.37 percent Average points: 0.12 Average mortgage rates and points for conforming residential mortgages for the previous week ending July 30 were, according to Conforming 30-year fixed-rate mortgage Average Rate:   4.50 percent Average Points: 0.19 Conforming 5/1-year adjustable-rate mortgage Average Rate:   3.38 percent Average Points: 0.16
About the author
Aug 07, 2013
The Volume Is All The Way Up On 'Fed Speak'

Why Lenders Hang Their Hats On The Fed’s Every Word

Jul 15, 2024
The Sale, The Risk & The Trend

The chronicles of Norcom Mortgage

Jul 08, 2024
A Reading From The Book Of Kyle

A Texas coach and former pastor felt a calling, spawning a best-selling how-to for loan officers

Jul 08, 2024
Mortgage Applications Increase Slightly In Latest Survey

Applications increased 0.8% from one week earlier.

Jun 26, 2024
FHFA Approves Freddie Mac's Second Mortgage Pilot

The GSE's limited program will permit cost-effective cash-out refinances

Jun 24, 2024
Former Rocket Mortgage SVP Turned UWM Broker Partner

Zoom Home Lending, headed by former Rocket Mortgage executives, partner with their old wholesale rival, UWM

Jun 20, 2024