Mortgage Rates Today

Current Mortgage Rates – Citibank and SunTrust Lower Rates while PNC Raises Them

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(Best Syndication News) Conventional interest rates were higher today while jumbo mortgage rates declined (see charts below). Mortgage loan rates were mixed at Wells Fargo, Chase and Bank of America.

Benchmarks

The benchmark indexes were mixed on Thursday as unrest in Greece brought uncertainty to the bond markets (see benchmark table below). Investors turned to U.S. bonds as a safe haven, which in-turn put downward pressure on Treasury yields.

The 20-year bond, 10-year note and 1-year note yields were all lower. Sometimes referred to as Constant Maturity Treasury (CMT) rates, these financial instruments are a barometer of investor uncertainty.

Mortgage Interest Rates Today – Mixed at BofA and PNC but Chase Increased Them

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(Best Syndication News) Mortgage rates were mixed at PNC and Bank of America, but Chase increased them across the board (see rate charts below). Although the LIBOR benchmark index rate remained level, bond yields in the United States advanced.

Benchmarks

The 20-year Bond Buyer’s Index fell two basis points to 4.49 percent Tuesday (see benchmark chart below). Published in the Red Book, this rate can be used by municipalities to help them determine their bond rates.

Current Mortgage Rates Mixed Today – Citibank SunTrust and Bank of America make changes

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(Best Syndication News) Mortgage rates were mixed today along with the benchmarks that determine them (see charts below). The 30-year loans were lower while the jumbos were higher.

Benchmarks

Benchmarks were mixed again today (see benchmark table below). These indexes are used by banks to adjust their mortgage rates. Some banks, like HSBC, use the LIBOR to make adjustments to their adjustable rate mortgages while other banks may use Treasury yields.

Current Mortgage Rates – Changes at Chase PNC and Bank of America

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(Best Syndication News) Over the last week mortgage interest rates descended along with most benchmarks (see rate charts below). Mortgage loan rates were mixed among the banks, Chase and PNC raised their rate while Citibank lowered them.

Benchmark Indexes

The weekly trend for benchmark indexes was lower (see benchmark chart below). Over this last week the Bond Buyer's 20-yr bond index, the LIBOR rates, and most U.S. Treasuries were lower.

The 3-month London InterBank Offered Rate (LIBOR) fell to 0.2485 and the 3-month LIBOR fell to 0.18855. The 6-month and 1-year were lower for the week, but did not change on Friday.

Current Mortgage Rates Mixed Today – US Bank and PNC Decrease Loan Rates

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(Best Syndication News) Both benchmarks and mortgage rates were mixed today (see charts below). Citibank raised their rate while U.S. Bank and PNC lowered them.

Benchmarks

The 6-month London InterBank Offered Rate (LIBOR) was slightly lower to 0.39675 Thursday (see benchmark chart below). The one-year LIBOR was higher and the 3-month LIBOR was lower.

In the United States, bond yields were higher. Many banks use Treasury Bond and Note yields to index their rates, and these were advancing. The 10-year Treasury Note yield was up to 3.01 percent and the 20-year Bond rate was up to 3.91 percent. These rates are sometimes referred to as constant-maturity Treasury (CMT) rates.

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