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Florida Mortgage Rates October 18, 2013

It’s Friday and not much is going on with markets. Enjoy the weekend, though, because a lot of late data will be released next week, including the jobs report for September due out on Tuesday, which will probably cause some market swings and mortgage rate moves.

With no economic news released today, stocks and bonds are somewhat flat. The Feds are still purchasing mortgage backed securities and Treasuries which is helping to keep mortgage rates down. Next week, several planned Fed speeches should increase some market predictions and volatility. All of this is in anticipation of the FOMC meeting at the end of the month, although it doesn’t appear that any tapering will begin soon.

Florida Mortgage Rates October 18, 2013:

  • 30 Year Fixed Rate Mortgage – 3.875% (4.051% APR)
  • 15 Year Fixed Rate Mortgage – 2.875% (3.215% APR)

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