Mortgage Rates Today

Current Mortgage Rates Today – Rates mixed as the secondary market advances

graph of 5-year ARM

(Best Syndication News) Mortgage interest rates were mixed today as capital markets slowly migrated from the government safe-havens (see the mortgage rate charts below). SunTrust and JPMorgan Chase raised their rates while SunTrust lowered them.

Benchmarks

Stocks hovered around par throughout the session until an inadvertent release was made concerning Google Inc (NASDAQ:GOOG). The search giant missed analyst expectations in the third quarter and the early announcement contributed to the one percent decline in the NASDAQ.

Current Mortgage Rates Today – Wells Fargo and Citigroup raise their rates

15-Year FRM Graph

(Best Syndication News) Mortgage interest rates increased today as lenders made adjustments following an upswing in some of the benchmarks (see the mortgage rate charts below). Bank of America, Wells Fargo, and Citibank raised their loan products as secondary lenders reacted to the shift in capital markets.

Benchmarks

Stock indexes were mixed throughout the day as investors responded to positive economic news. There were 872,000 housing starts in September, according to the U.S. Department of Commerce. Analysts were expecting only 765,000 privately-owned housing starts. In addition, the government revised their August figure upward to 785,000.

Current Mortgage Rates Today – U.S. Bank and PNC among lenders making changes

VA Loan Rates

(Best Syndication News) Mortgage interest rates in the United States shot-up sharply today as European debt concerns began to ease (see the mortgage rate charts below). JPMorgan Chase, Bank of America, U.S. Bank, and PNC raised their rates as optimistic investors moved money to riskier equities.

Benchmarks

Stock prices shot-up after word came from Europe that Spain may be willing to ask for precautionary credit. Although Greece still faces major hurdles, Spain may be getting the help needed to keep their sovereign debt sustainable. Investors were also optimistic following better-than-expected retail sales figures in the United States.

Current Mortgage Rates Today – Loans Trend Higher at SunTrust and Citibank – Lower at BofA

FHA Mortgage Rates

(Best Syndication News) Mortgage interest rates were slightly higher after lenders adjusted their loan products to the changing secondary market (see the mortgage rate chart below). Bank of America lowered their rates while SunTrust and Citigroup raised them.

Benchmarks

Stocks advanced after the release of positive consumer spending numbers for September. The Department of Commerce said that retail sales increased 1.1 percent last month, down from an upwardly revised figure of 1.2 percent in August, but above analyst expectations of just 0.7 percent.

Current Mortgage Rates Today – JPMorgan Chase and KeyBank Lower Rates Again

Graph of 30-year Mortgage Rate

(Best Syndication News) Mortgage interest rates continued to fall today as money flowed into the safe-havens (see the mortgage rate charts below). Bank of America raised their rate while most other banks, including PNC, Chase, and KeyBank, lowered them.

Benchmarks

The real estate market may be recovering. In August, existing home sales increased nearly eight percent; the highest level in more than two years. The S&P Case Shiller home price index has made month-over-month gains all year and home-builder confidence is improving.

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