Mortgage Rates Today

Current Mortgage Rate Chart – Lenders Lower Rates as Benchmarks Nose-Dive

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(Best Syndication News) Mortgage interest rates were lower again as investors moved their money into safe-havens (see the mortgage rate charts below). SunTrust, PNC, Bank of America, and U.S. Bank lowered their rates as secondary lenders matched cuts in the bond and note markets.

Benchmarks

Initial jobless claims dropped more than expected last week. The Labor Department said that initial unemployment claims fell to 339,000 last week, down from an upwardly revised figure of 369,000 the previous week. Analysts expected between 370,000 and 375,000 claims.

Current Mortgage Rates Today – Citigroup and JPMorgan Chase Among Lenders Making Changes

Graph 15-Year Mortgage

(Best Syndication News) Mortgage interest rates were mostly higher today despite a downturn in some of the benchmarks used by lenders to adjust their loan products (see the mortgage rate charts below). U.S. Bank, JPMorgan Chase, and Citibank were among the banks raising their rates.

Benchmarks

The Federal Reserve said there is wide-spread improvement in the real estate market. Residential real estate improved in all 12 districts. Existing homes sales strengthened while prices began to stabilize. In their October Beige Book, the central bank also moved their manufacturing and service sector outlook to “positive”.

Current Mortgage Rates Today – PNC and SunTrust Among Lenders Making Changes

Chart of VA Loan Rate

(Best Syndication News) Mortgage interest rates were mixed today as money flowed back into the safe-havens (see the mortgage rate charts below). Bank of America raised their rates while PNC and KeyBank lowered them.

Benchmarks

Stocks were lower today after two brokerage firms downgraded Intel Corporation (NASDAQ:INTC) because of weaker demand for notebooks. The Alcoa Inc. (NYSE:AA) earnings report beat analyst expectations after the closing bell. Some economists watch the AA earnings report and consider it a bellwether for the broader economy.

Current Mortgage Rates Today - KeyBank and Bank of America Raise Rates

FHA Loan Rate

(Best Syndication News) Mortgage interest rates were slightly lower as some lenders bucked-the-trend and raise their rates (see the mortgage rate charts below). Although it was a bank and bond holiday, KeyBank and Bank of America made some changes Monday.

Benchmarks

The Hang Seng (Hong Kong) and Shanghai Composite (China) indexes are higher early Tuesday despite weak economic forecasts for China. However, investors appear to be shrugging-off concerns raised by the International Monetary Fund (IMF). The IMF cut their global growth forecast for 2012 from 3.5 percent to just 3.3 percent.

Current Mortgage Rates Today – HSBC and Chase Raise Loan Rates

chart 30-Year FRM

(Best Syndication News) Mortgage interest rates were mostly higher today as investors reacted to a lower unemployment rate (see the mortgage rate charts below). KeyBank, SunTrust, PNC, HBC, and JPMorgan Chase all raised their mortgage loan rates as stock markets closed mixed.

Benchmarks

The United States Department of Labor, via the Bureau of Economic Analysis (BEA), said that the unemployment rate fell to 7.8 percent in September. People are returning to the labor force, according to the report. The economy produced 114,000 non-farm jobs, although many were part-time.

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