Commodities Futures Today

Current Mortgage Rates Today – Citibank Lowers Loans While JPMorgan Raises Them

Graph of 15-year mortgage

(Best Syndication News) Mortgage interest rates were lower today as capital markets reluctantly moved into equities (see the mortgage rate charts below). The secondary lending market was mixed as were some of the lenders.

Benchmarks

European debt worries continued to fester as the three major indexes moved in and out of positive territory throughout the day. By the closing bell, the Dow Jones Industrial Average (DJIA) was up only seven points. The S&P 500 also ended higher however the NASDAQ closed down 0.15 percent.

Current Mortgage Rates Today – Wells Fargo and U.S. Bank Lower Rates

Graph of 30-year FHA loan

(Best Syndication News) Nearly all U.S. banks lowered their mortgage interest rates today in response to changes in the secondary lending market (see mortgage rate charts below). U.S. Bank and Wells Fargo were among the banks making changes.

Benchmarks

Although stocks were in positive territory part of the day, the three major indexes sank by the end of Thursday’s session. May was the worst month for equities since 2010 as the S&P fell more than six percent.

Stock Market News – Markets Open Mixed in Asia

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(Best Syndication News) After six-straight days of declines in the United States, stock markets in Asia are opening mixed early Monday (see stock charts below). European sovereign debt worries continue to fester as markets drop more than three percent in one week.

The Hang Seng Index (Hong Kong) is down 60 points on Monday while the Shanghai composite index (China) and Nikkei 225 (Japan) are up 6.7 points (+0.29%) and 28 points (+0.34%) respectively.

Stock Market News – Financial Sector Leads Stocks Lower

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(Best Syndication News) Stocks are opening higher in Asia Monday despite a meltdown of the financial sector in the United States and looming uncertainty in Europe (see stock charts below).

The Shanghai Composite Index (China) added 2.46 points (+0.10%) early Monday, while the Nikkei 225 (Japan) and Hang Seng Index (Hong Kong) advanced 23 points (0.26%) and 1.71 points (0.01%) respectively. On Friday all three indexes were lower (see the world market chart below).

Stock Market News - Prices Stumble in Asia after European Elections

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(Best Syndication News) Stock markets are lower in Asia early Monday after a disappointing day on Wall Street Friday (see stock charts below). Traders are worried about the uncertainty surrounding Sunday’s elections.

The conservative New Democracy (ND) and socialist PASOK parties may have lost their controlling majority of Parliament in Greece and the incumbent conservative President Nicolas Sarkozy lost to Francois Hollande in France. Both elections brought about some uncertainty for the bailout packages promised to Greece.

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