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Mortgage Rates Today

Current Mortgage Rates Today – Wells Fargo and Chase raise their interest rates

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mortgage rate chart

(Best Syndication News) Mortgage interest rates continued their ascension today as capital markets flooded into equities (see the mortgage rate charts below). Wells Fargo and Chase were among the banks making changes.

Benchmarks

Stocks opened lower but pushed their way up by the end of the session. A dividend announcement by Apple Inc. (NASDAQ:AAPL) helped provide the confidence needed to drive the DJIA up 6 points to 13,230. The S&P 500 and the NASDAQ advanced even more.

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Current Mortgage Rates Today – Citibank and Bank of America make changes

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10-year note yield chart

(Best Syndication News) Mortgage interest rates were higher while uncertainty spread through the capital markets (see the mortgage rate charts blow). Citibank and Bank of America lowered their rates while the average rate advanced.

Benchmarks

Stock indexes in the United States were both higher and lower throughout the trading day on Friday as traders reacted to the varying economic news. Economists were surprised that consumer sentiment and industrial production were lower than expected, especially after good initial jobless claims numbers on Thursday.

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Current Mortgage Rates Today – U.S. Bank and KeyBank Raise Loan Rates

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30-year jumbo graph

(Best Syndication News) Mortgage interest rates were higher today as the major benchmarks were either mixed or unchanged (see the mortgage rate charts below). Jumbo loans were lower while conventional loans were mostly higher at Key Bank and U.S. Bank.

Benchmarks

A series of positive economic news today provided the impetus for a rally on Wall Street as investors turned the “risk” back on. The DJIA climbed 58 points to 13,252 while the S&P 500 and NASDAQ made similar strides.

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Current Mortgage Rates Today – Chase and HSBC Raise Rates

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graph of 5-year arm

(Best Syndication News) Mortgage interest rates advanced again for the second straight day after the financial sector received a clean bill of health (see the mortgage rate charts below). HSBC, Wells Fargo, Chase and many other lenders made some big changes to their loan rates.

Benchmarks

Although the Dow Jones Industrial Average (DJIA) was higher today, most of the sectors were either lower or provided lackluster returns. The S&P 500 declined while the NASDAQ gained only 0.03 percent.

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Current Mortgage Rates Today – Wells Fargo and Citibank Raise their Loan Rates

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15-year FRM graph

(Best Syndication News) Mortgage interest rates shot-up quickly today as the financial sector led a rally on Wall Street (see the mortgage rate charts below). JPMorgan Chase, Wells Fargo, and Citibank were among those lenders making some drastic changes.

Benchmarks

The DJIA average advanced more than 200 points on Tuesday after it became apparent that most of the large banks passed the Federal Reserve’s stress test. The central bank was not going to announce the results of the test until Thursday, however JPMorgan Chase & Co. (NYSE:JPM) tipped the market when they announced they were going to increase their dividend.

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