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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.

Cyndi Lauper appears in PSA to help HUD count Homeless Persons

See PSA below

(Best Syndication News) - Singer and songwriter Cyndi Lauper, and the True Colors Fund’s Forty to Non Project, had produced a national public service announcement (PSA) to get citizens involved in the yearly campaign to help count the number of homeless people in over 3,000 cities and counties throughout the United States.

The U.S. Department of Housing and Urban Development (HUD) is asking participants to help count the number of homeless persons on the street and in shelters on a certain night. This “Point-in-Time” count is being planned yearly for the last 10 days in January. With the statistics, local planners will better understand the homelessness rates in their area and make plans to respond to the problem.

Amazon adds Streaming Video Service for Nintendo Wii Game Console

Amazon Instant Video App supported on Nintendo Wii - credit: Amazon.com

(Best Syndication News) - Amazon (NASDAQ: AMZN) has launched support for their Amazon Instant Video app on the Nintendo Wii game console. On November 18, 2012, Amazon released the app for the Nintendo Wii U game console and this latest support is for the previous model.

Amazon Instant Video has over 145,000 movies and TV shows available to watch. The app allows Amazon Prime subscribers to watch over 33,000 movies and TV shows on the Nintendo Wii game console. The Prime membership ($79 per year) gives upgrades on shipping and unlimited viewing of specific movies and TV shows.

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.

Current Mortgage Rates Today – Loan rates advance at most banks including JPMorgan Chase & PNC

Graph of 30-year loan

(Best Syndication News) Mortgage interest rates inched higher today despite a downturn in some of the benchmarks (see the mortgage rate charts below). JPMorgan Chase, Bank of America, and PNC raised their rates while Citibank lowered them.

Benchmarks

Stocks continued to move higher as investors continued their reluctant migration back into equities later in the session Friday. The three major indexes were below par early on but the blue-chips broke into positive territory by the closing bell.

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