Mortgage Rates Today

Current Mortgage Rates Today – PNC and Citibank were among lenders lowering rates

KKKKKKKJJJJJJJJJJJJ

(Best Syndication News) Lenders lowered their mortgage interest rates as money flowed back into the safe-havens (see the mortgage rate charts below). PNC, SunTrust, Citibank, and JPMorgan Chase were among the banks making changes.

Benchmarks

Jittery investors began migrating from equities on news that banks will pay out billions of dollars in mortgage settlements. Bank of America Corp (NYSE:BAC) announced a settlement concerning Countrywide and Fannie Mae. The Charlotte N.C. based lender agreed to pay Fannie $3.6 billion to compensate for bad loans made by Countrywide.

Current Mortgage Rates Today – Loans rates jump as investor confidence continues to soar

30-Year Mortgage Graph

(Best Syndication News) It was a good week on Wall Street, and that translated into higher mortgage interest rates (see the mortgage rate charts below). JPMorgan Chase, Bank of America, Wells Fargo, and HSBC were among the banks raising their loan rates.

Benchmarks

The December jobs report provided the optimism to keep alive the rally spurred by the fiscal-cliff compromise. Stocks were higher on news that businesses added 155,000 new non-farm jobs last month. Economists expected 150K new jobs and the November figure was revised upward to 161,000 new jobs.

Current Mortgage Rates Today – Wells Fargo and U.S. Bank raise their loan rates

5-Year ARM

(Best Syndication News) Mortgage interest rates continued to ascend after a huge run-up in equities (see the mortgage rate charts below). Nearly all of the major banks, including JPMorgan Chase, Citibank, Bank of America, Wells Fargo, and U.S. Bank, raised their loan rates.

Benchmarks

Problems continued to lurk around the corner Thursday as the 113th Congress was sworn into office. Although the House of Representatives and U.S. Senate were able to compromise on some of the fiscal-cliff issues, there are still lingering problems that need to be dealt with over the next two months.

Current Mortgage Rates Today – Optimism pushed loan rate higher

15 year fixed mortgage rates

(Best Syndication News) Fiscal optimism brought investors back into equities Wednesday providing breather-room for secondary and primary lenders (see the mortgage rate charts below). Mortgage interest rates were mostly higher, with SunTrust, Bank of America, JPMorgan Chase, and Citibank among the lenders making changes.

Benchmarks

A last-minute vote in Congress brought assurances to Wall Street investors t; automatic spending and tax cuts have been postponed. Stock markets in the United States skyrocketed despite some lingering issues that were put on the back-burner until February or March.

Current Mortgage Rates Today – Bank of America and Citibank raise their loan rates

VA Mortgages

(Best Syndication News) Mortgage interest rates were higher today as lenders adjusted to the secondary lending markets (see the mortgage rate charts below). SunTrust lowered their rate while Bank of America, KeyBank, and Citibank raised them.

Benchmarks

Investor concerns centered on the Greek debt crisis last year, but as the New Year approached the focused moved to the fiscal cliff in the United States. Stock prices were hinged on comments made by President Barack Obama New Year’s Eve and later the Senate was able to negotiate a deal to avert the fiscal cliff.

Syndicate content
Share/Save/Bookmark

      

Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved