Skip to main content

Amid News of Government Tapering, Mortgage Rates Begin to Climb to 4.52 Percent
Dec 18, 2013

Rates on the most popular types of mortgages nudged higher this week according to's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by two basis points (0.02 percent) to 4.52 percent. Conforming 5/1 Hybrid ARM rates increased by just a single basis point, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.19 percent. "Mortgage rates have firmed in the weeks leading up to this Federal Reserve meeting," said Keith Gumbinger, vice president of "After holding policy steady in September and October, there is a good chance that the Fed will announce a slowing of Treasury bond purchases today. They might also slow purchases of Mortgage-Backed Securities (MBS), but that seems less likely." The Federal Reserve has been purchasing approximately $85 billion in Treasuries ($45 billion) and MBS ($40 billion) monthly throughout 2013. Buying Treasuries helps lower long-term interest rates, while purchasing MBS promotes liquidity in the mortgage market, helping move those lower rates to homebuyers and refinancers. The Fed has pledged to keep these programs in place until the economic picture has brightened, and recent indications suggest that the economy is improving, so the Fed may determine the time is right to make a change. "A small move today would not change the immediate interest and mortgage rate picture by very much, if at all," adds Gumbinger. "Financial markets seem better prepared for any change at this point and so wouldn't be very surprised, and interest rates are already positioned as though at least some change has occurred, with 10-year Treasuries and mortgages about a full percentage point above this year's lows." Average mortgage rates and points for conforming residential mortgages for the week ending Dec. 17, according to Conforming 30-year fixed-rate mortgage ►Average rate:   4.52 percent ►Average points: 0.22 Conforming 5/1-year adjustable-rate mortgage ►Average rate:   3.19 percent ►Average points: 0.14 Average mortgage rates and points for conforming residential mortgages for the previous week ending December 10 were, according to Conforming 30-year fixed-rate mortgage ►Average Rate:   4.50 percent ►Average Points: 0.22 Conforming 5/1-year adjustable-rate mortgage ►Average Rate:   3.18 percent ►Average Points: 0.13
Dec 18, 2013
Williston Financial Group, Doma Strike Deal

WFG is set to acquire Doma’s title operations, including operation centers in the Northern and Central California.

May 24, 2023
Mat Ishbia Takes A Charge At NBA Playoff Game

UWM CEO and majority owner of the Phoenix Suns involved in scuffle with Denver center Nikola Jokic

May 08, 2023
The Pitfalls Of Cash-Out Refinancing In A Rising Interest Rate Environment

Second-lien home equity loans are a far better way to take out cash

May 02, 2023
NEW YORK: How To Conquer - Not Fear - The Empire State

Roadblocks are many but payoff is worth it

May 01, 2023
RCN Capital Opens LA Office

Expansion marks lender's continued success.

Apr 26, 2023
Trigger Lead Legislation Renews Debate Over Consumer Choice

Borrowers can protect themselves from unsolicited lenders, but they could be doing themselves a disfavor

Apr 20, 2023