Mortgage Rates Today

Current Mortgage Rates Today – Rates mixed as housing market improves

5/1ARM Rates

(Best Syndication News) Mortgage interest rates edged higher today as the benchmarks began to move in the opposite direction (see the mortgage rate charts below). PNC and SunTrust raised their rates while KeyBank lowered them.

Benchmarks

A settlement announced by BP plc (ADR) (NYSE:BP) and the government didn’t help investor confidence; neither did reports that Europe is in a recession and the United States faces forced-austerity on January 1st if lawmakers are unable to reach an agreement on taxes and spending. The oil company still faces several other charges and fines before the Gulf oil spill is resolved.

Current Mortgage Rates Today – Wells Fargo and U.S. Bank among lenders raising rates

Graphic 15-Year FRM

(Best Syndication News) Mortgage interest rates ascended today despite a sharp downturn in equity prices (see the mortgage rate charts below). JPMorgan Chase, SunTrust, KeyBank, Wells Fargo, and U.S. Bank raised their rates unexpectedly.

Benchmarks

When President Barack Obama reiterated his position Wednesday on tax-cuts for the middle-class but not the wealthy, it reminded investors of the vast gulf between the two political parties. Entrenched lawmakers are preparing for a meeting later this week to hash-out their differences, but the uncertainty drove the Dow Jones Industrial Average (DJIA) index down more than 185 points.

Current Mortgage Rates Today – JPMorgan Chase and SunTrust make changes

Graph of VA loans

(Best Syndication News) Mortgage interest rates advanced today as lenders followed the secondary lending market (see the mortgage rate charts below). Almost all of the major banks, with the exception of KeyBank and Wells Fargo, raised their loan rates.

Benchmarks

Congress went back to work Tuesday and with less than two months left to avoid the fiscal cliff, lawmakers will be busy. The House of Representatives will remain in Republican hands while the Senate stays with the Democrats. On Friday President Barack Obama will sit down to meet with congressional leaders to negotiate tax and spending issues.

Current Mortgage Rates Today – Loans Higher as KeyBank and Bank of America make changes

Graph of FHA mortgages

(Best Syndication News) Although the weekly trend is lower, some lenders did raise their mortgage interest rates today (see the mortgage rate charts below). Banks were closed for Veterans’ Day but some, including Bank of America and KeyBank, raised their rates.

Benchmarks

The earnings season has been frustrating for many investors as companies report disappointing returns. Profits were up only 2.3 percent in the third quarter, according to S&P Capital IQ; but Thompson / Reuters calculates an overall loss in the market.

Current Mortgage Rates Today – Citibank and PNC Lower Rates

30-Year mortgage chart

(Best Syndication News) Mortgage interest rates slipped while the secondary lenders provided mixed results (see the mortgage rate charts below). Citibank and PNC were among the lenders lowering their loans.

Benchmarks

Stocks were higher Friday after two-straight days of harsh declines. Some of the worry involved the looming fiscal cliff while investors also adjusted their holdings to the certainty of Health Care Reform (Obamacare) and the possibility of higher taxes.

Syndicate content
Share/Save/Bookmark

      

Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved