Credit and Loans

Current Mortgage Rates Today – Bank of America raises rates while U.S. Bank lowers them

FHA Loan Rates

(Best Syndication News) Mortgage interest rates were generally lower today while some banks and secondary lenders bucked the trend (see the mortgage rate charts below). JPMorgan Chase, SunTrust, and U.S. Bank lowered their rates while Bank of America raised their rate.

Benchmarks

Stocks closed higher after spending most of the day in positive territory Monday. Investors anticipate continued monetary action by the Federal Reserve next quarter despite the outcome of the fiscal cliff negotiations. House Speaker John Boehner and President Barack Obama met at the Whitehouse on Sunday to discuss the looming crisis.

Current Mortgage Rates Today – Lenders Including Wells Fargo and JPMorgan Chase Raise Loans

Mortgage Rates Graph

(Best Syndication News) Mortgage interest rates spiked today as positive economic news pressed equities higher (see the mortgage rate charts below). A rise in the secondary lending market helped banks, including Bank of America, Wells Fargo, JPMorgan Chase, and SunTrust, adjust their loan products higher.

Benchmarks

The unemployment rate in the United States hit a four-year low last month as employers added more workers. Economists were surprised to see that employers hired 146,000 workers in November pushing the unemployment rate down to 7.7 percent.

Current Mortgage Rates Today – HSBC lowers rates while KeyBank raises them

ARM Chart

(Best Syndication News) Mortgage interest rates were nearly unchanged today as secondary lenders post mixed required net yield rates (see the mortgage rate charts below). Bank of America and HSBC lowered their loan rates while KeyBank and SunTrust raised them.

Benchmarks

Stocks advanced Thursday after the U.S. Department of Labor released a better-than-expected initial jobless claims number. The Labor Department said that 370,000 Americans filed for initial jobless claims last week. That is 25,000 fewer than the previous week and below analyst expectations of 385,000.

Current Mortgage Rates Today – PNC and Wells Fargo Lower Rates

15-Year Mortgage Rate

(Best Syndication News) Mortgage interest rates slipped as equities sank and then advanced later in the session (see the mortgage charts below). Nearly all of the major banks, including JPMorgan Chase, KeyBank, Bank of America, and Wells Fargo, lowered their loan rates.

Benchmarks

The Dow muddled around the par mark throughout the day before closing slightly higher by the closing bell. Factory orders and a positive service index figure helped stave-off fiscal cliff fears – at least temporarily. The three major stock indexes moved lower but shifted higher mid-morning before leveling-out throughout most of the day.

Current Mortgage Rates Today – Bank of America and Citibank Lower Loan Rates

VA Loan Rate

(Best Syndication News) Mortgage interest rates trended lower today as secondary lenders competed in the capital markets (see the mortgage rate charts below). JPMorgan Chase, KeyBank, Bank of America, and Citibank were among the banks lowering their rates.

Benchmarks

Pessimism spread through the equity markets as very little progress was made in Washington concerning the fiscal cliff. The Whitehouse rejected a proposal by Republicans prompting House Speaker John Boehner to tell reporters that the ball is back in President’s court.

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