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Current Mortgage Rates Today – Loan rates rise at SunTrust but fall at JPMorgan Chase

15-Year Mortgage Rates

(Best Syndication News) Mortgage interest rates began to rise after two-straight days of declines (see the mortgage rate charts below). Although some of the benchmarks were higher, the rise in secondary lending rates pushed loans up at U.S. Bank, SunTrust, KeyBank, and PNC; however, JPMorgan Chase lowered their rate.

Benchmarks

The Boeing Company (NYSE:BA) weighed on the Dow Jones Industrial Average today pushing the index down 23 points, however the wider market gained value. Because there are only 30 constituents in the Dow, a three percent pull-back in the value of BA had a major influence on the index.

Dunkin’ Donuts plans expansion for Southern California Locations

Credit: National Cancer Insitute Renee Comet (Photographer)- PD

(Best Syndication News) - Dunkin Brands Group Inc. (NASDAQ: DNKN) announced plans to open more Dunkin’ Donut stores in 2013, especially in Southern California. The company’s long-term goal is to have over 15,000 Dunkin’ Donuts restaurants operating in the United States.

The company is looking for multi-unit franchisees for the counties of Los Angeles, Riverside, San Diego, San Bernardino, Ventura, and Orange. The restaurants would start to open in 2015. The company is also seeking other franchise opportunities, such as operating within a college, university, military base, supermarket, and airport or travel center.

Current Mortgage Rates Today – HSBC and KeyBank among banks lowering loan rates

Chart VA mortgage rates

(Best Syndication News) A drop in secondary yields pushed mortgage rates lower today after weak manufacturing numbers were released by the Federal Reserve (see the mortgage rate charts below). Nearly all of the major banks, including JPMorgan Chase, KeyBank, HSBC, and Bank of America, lowered their mortgage loan rates.

Benchmarks

Stock markets in the United States opened lower Tuesday after disappointing economic news put pressure on the major indexes. There was a pull-back on stock prices early in the morning but by the closing bell there was a reprieve.

Current Mortgage Rates Today – Wells Fargo and Bank of America Lower Rates

Graph of FHA mortgage Rates

(Best Syndication News) Mortgage interest rates fell sharply following a trend in the secondary and capital markets (see the mortgage rate charts below). JPMorgan Chase and KeyBank raised some of their rates; however, Wells Fargo and Bank of America lowered them.

Benchmarks

Stocks were mixed but mostly lower today as investors fretted over the debt ceiling and a possible renegotiation on spending cuts next month. President Barack Obama told Congress that he will not negotiate on the debt ceiling and his Treasury Secretary, Timothy Geithner, said the government will likely run out of money in mid February.

Young Adults pay off Credit Card Debt Slower than Older Adults

Credit card pile - BSN

(Best Syndication News) - Credit card debt balances are considerably higher for young adults than for the elderly, according to a new study. The researchers also found that the younger adults are taking more time to pay off their balances.

Lucia Dunn, co-author of the study and professor of economics at Ohio State University, suggested that if the trend for the young adults continues into retirement, there could be serious financial problems in the years to come. She continued to explain that if their projections are correct, many of these young adults who have credit card debt will die owing the lenders money.

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