Credit and Loans

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


(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.


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.


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.


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.

Discover survey finds consumers plan to spend less in January

Paying the Bills - BSN

(Best Syndication News) - Discover Financial Services (NYSE: DFS) found lower-income consumers were less confident on the economy and their personal finances in December 2012. The monthly survey dubbed “Discover U.S. Spending Monitor” showed a 4.3-point decline to 91.1 points for the month of December. This could translate into less post-season spending.

The Discover survey found 15 percent of the respondents rated the economy as good or excellent, which was a 3-point decline from November 2012. However, in December 2011, only 9 percent that thought the economy was doing well. Thirty-two percent of the consumers surveyed think the U.S. economy will improve, which was 3-percentage points lower than the previous month.

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.


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.

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