Mortgage Rates Today

Current Mortgage Interest Rates Today – U.S. Bank PNC and Bank of America make changes

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(Best Syndication News) Mortgage rates were generally higher today but there was little volatility following bank holidays in England and the United States (see rate charts below).

Benchmarks

Banks use benchmarks to determine their interest rates. The London InterBank Offering Rate (LIBOR) was unchanged Tuesday (see benchmark chart below). HSBC uses the LIBOR to determine their adjustable home loan rates. The 6-month LIBOR was 0.40263.

Current Mortgage Rates Today – PNC Bank of America and Chase Make Changes

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(Best Syndication News) Mortgage interest rates continued to decline today as some major banks make changes (see rate charts below). Over the last week the benchmarks pushed mortgage loans lower.

Benchmarks

The benchmarks were mixed this week. One yardstick used by lenders to determine rates is the Fannie Mae 30-year 60-day index. The index is used by primary lenders to sell their loans to the Government Sponsored Enterprises (GSE). That rate increased.

Another benchmark is the London Inter-Bank Offered Rate (LIBOR). Typically lenders will use the 6-month LIBOR to price their loans. That rate fell 0.28% (less than one basis point).

Current Mortgage Rates Today – Declines at Wells Fargo Citibank and SunTrust

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(Best Syndication News) Mortgage rates continue to decline today with some changes at Wells Fargo, Citibank and SunTrust (see charts below). Benchmark rates are on a downward trend.

Benchmarks

The 10-year note yield rate declined today, falling from 3.130 on Wednesday to 3.070 percent today. Some banks use the 10-year note and 1-year note yield (CMT) as benchmarks. The 1-year note was unchanged at 0.18%.

The 6 month LIBOR (London Interbank Offered Rate) declined 0.19 percent (less than one basis point today). The 11th District Cost of Funds Index (COFI) remained unchanged at 1.452 percent.

Mortgage Rates Today – Changes at Citibank Chase and Bank of America

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(Best Syndication News) Mortgage interest rates fell today with Citibank, Chase and Bank of America leading the trend (see charts below).

Benchmarks

The 10-year note yield fell 10 basis points today putting downward pressure on mortgage rates. The current yield rate is 3.130 percent.

The 6-month LIBOR (London InterBank Offered Rate), another benchmark for mortgages, fell less than one basis point to 0.4045 percent. The prime rate in the U.S. remains at 3.25 percent.

Current Mortgage Interest Rates – PNC Chase and SunTrust make changes

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(Best Syndication News) Mortgage rates were higher today reversing a two-day trend (see rate charts below).

Benchmarks

Most benchmarks were unchanged, but the 10-year note yield rate did increase two basis points to 3.310 percent (see the benchmark table below). Many banks use this rate to determine their own purchase and refinance rates.

Another benchmark, the six-month LIBOR, remained unchanged today at 0.4055 percent. The LIBOR (London Interbank Offered Rate) is used by some banks, including HSBC, to determine their rates.

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