Mortgage Rates Today

Current Mortgage Rates Today – Loan rates drop at U.S. Bank and Citibank

5-year ARM Chart

(Best Syndication News) Mortgage interest rates dropped despite an upswing in the equity markets (see the mortgage rate charts below). SunTrust raised their rates while Bank of America, Citigroup, and U.S. Bank lowered their loan rates.

Benchmarks

Bargain hunters reacted to the lower stock prices Thursday despite more negative rhetoric from Washington. House of Representatives Speaker John Boehner said he would bring a proposal to Congress that would raise taxes on Americans making $1 million or more. Traders were optimistic that a solution would be reached.

Current Mortgage Rates Today – PNC and Bank of America raise their interest rates

Adjustable Rate Mortgages

(Best Syndication News) Mortgage interest rates were mixed today as lawmakers wrangled over a solution to the fiscal cliff (see the mortgage rate chart below). SunTrust lowered their loan rates while JPMorgan Chase, Bank of America, and PNC raised them.

Benchmarks

Despite the threat of a Whitehouse veto, House Republicans will take up House of Representatives Speaker John Boehner’s “Plan-B” to avoid forced austerity in January. Today the Speaker said that over 99 percent of Americans will continue to see tax relief under his plan. It is up to the Democrats now, according to Boehner.

Current Mortgage Rates Today – JPMorgan Chase and SunTrust continue to raise loan rates

Graph of 15-year mortgage

(Best Syndication News) Mortgage interest rates advanced as capital markets migrated back into riskier assets (see the mortgage rate chart below). All of the major banks, including JPMorgan Chase, Bank of America, Citibank, and SunTrust, started moving their rates higher.

Benchmarks

Positive news from Washington propelled the Dow to triple-digit gains two-straight days. Both sides in the fiscal-cliff debate are beginning to compromise. House Speaker John Boehner promised to bring a bill to the floor of Congress this week that would raise income tax rates on those earning $1 million or more.

Current Mortgage Rates Today – Bank of America and KeyBank raise loans rates again

Chart 15-Year Mortgage

(Best Syndication News) Mortgage interest rates advanced while the secondary lenders lowered their yield rates (see the mortgage rate charts below). JPMorgan Chase and PNC lowered some of their loan products, but Bank of America and KeyBank raised them.

Benchmarks

Confidence that a resolution to the fiscal cliff crisis helped push stock prices higher Monday. Reports from Washington over the weekend hinted that House of Representatives Speaker John Boehner was willing to allow taxes to increase on Americans earning $1 million or more.

Current Mortgage Rates Today – Citibank Lowers Loan Rates while PNC Raises Them

Graph 30-Year FRM

(Best Syndication News) Mortgage interest rates dropped today in response to competition for U.S. government securities (see the mortgage rate charts below). PNC and the secondary lenders raised their rates; however Citigroup, Bank of America, and some other major banks went in the opposite direction.

Benchmarks

Gas prices dropped more than seven percent in November. The average price for a gallon of gas fell to $3.30. The lower energy prices contributed to lower consumer costs, according to the Bureau of Labor Statistics.

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