Business News

Current Mortgage Rates Today – JPMorgan Chase and U.S. Bank lower loan rates again

Fixed Mortgage Rates

(Best Syndication News) Mortgage interest rates dropped again despite a rise in the secondary lending markets (see the mortgage rate charts below). PNC, JPMorgan Chase, and U.S. Bank lowered their loan rates while SunTrust raised them.

Benchmarks

Although U.S. President Barack Obama expressed optimism Friday that a fiscal-cliff deal could be reached by the New Year, hopes were crushed Sunday as Congressional leaders continued to squabble over details. This time the hold-up is in the Senate.

More than Two Million Ford branded Vehicles sold in 2012

Going up chart - BSN

(Best Syndication News) - Ford Motor Company (NYSE:F) announced today that they project 2.2 million vehicles will be sold under the Ford brand in 2012. This is the second year-in-a-row Ford will have sold over 2 million vehicles. The Ford Motor Company is the only U.S. manufacturer to exceed 2 million units since 2007.

In the global market, Ford's bestselling vehicle remains the Focus. Using information gathered through September 2012, the automotive data and marketing company, POLK, said the F-Series ranked fourth and the Fiesta was at number 5 in their global top-10 ranking. Focus was the number one best selling car in the world, according to POLK.

Current Mortgage Rates Today – SunTrust lowers rates as KeyBank raises them

Adjustable Rate Mortgage

(Best Syndication News) Mortgage interest rates dropped as lenders reacted to the migrating capital markets (see the mortgage rate charts below). Citibank, JPMorgan Chase, and SunTrust lowered their rates while PNC and KeyBank raised them.

Benchmarks

Equity markets opened higher but didn’t stay in positive territory very long; the three major indexes quickly descended quickly as investors began to price-in the effects of the fiscal cliff. Many analysts now believe the forced austerity is inevitable.

Hyundai Sonata broke Yearly Sales Record in 2012

2013 Hyundai Sonata credit: HYUNDAI MOTOR AMERICA

(Best Syndication News) - Hyundai announced today that their mid-size Sonata car broke the all-time record for yearly sales. This week, the Hyundai sold 225,961 units. Hyundai also saw record setting sales for their Elantra, Veloster, Genesis, and Equus models this year.

John Krafcik, president and CEO Hyundai Motor America, explained that the Sonata was redesigned in early 2010. The revisions included improved fuel-efficiency, roominess, safety, and durability. Krafcik said that the Sonata December 2012 retail sales are in third place behind Toyota Camry and the Honda Accord.

Current Mortgage Rates Today – PNC raises rates while Bank of America lowers them

VA Mortgage Rates

(Best Syndication News) Mortgage interest rates were higher today despite a downward shift in the secondary market (see the mortgage rate charts below). JPMorgan Chase, PNC, SunTrust, and KeyBank raised their loan rates while Bank of America moved in the opposite direction.

Benchmarks

Holiday sales didn’t pan-out this year providing pessimism to an already uncertain market. The MasterCard Advisors said that spending only increased 0.7 percent from October 28th through December 24th. In their SpendingPulse report, the research arm of MasterCard said that Holiday spending was two percent above last year; the National Retail Federation expected a 4.1 percent increase.

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