Mortgage Rates Today

Current Mortgage Rates Today – Chase SunTrust and Citibank continue to lower loans

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(Best Syndication News) Mortgage interest rates continued to fall today with benchmarks leading the way (see charts below).

Benchmarks

Rates in the United States are tied to various benchmarks including the 10-year note, the prime rate, and the 6-month LIBOR rate (see benchmark chart below).

Both the 6-month London Inter-Bank Offered Rate (LIBOR) fell 0.43 percent. The 10-year note yield fell 0.63 percent. Over the last five business days the 10-year not was one basis point higher. The prime rate remained 3.25 percent today.

Current Mortgage Rates – Chase SunTrust and PNC Banks make changes

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(Best Syndication News) Today mortgage rates were lower again after declines in the 10-year Note and 6-month LIBOR rates yesterday (see charts below).

Loan Benchmarks

Benchmark rates are used to determine mortgage and other personal loan rates (see benchmark table below). Yesterday the 10-year note yield rate and the 6-month LIBOR rate dropped. Friday we saw mortgage rates fall across the board and the two benchmarks continue to decline.

The Prime Rate is commonly used as a benchmark for adjustable rate mortgages (ARMs). The Prime Rate is tied to the Federal Funds Rate which has been in a range between zero and one-quarter percent. The Prime Rate is typically three percentage points higher.

Mortgage Rate Trends – HSBC Citibank and U.S. Bank make changes

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(Best Syndication News) Mortgage rates were higher today with some banks breaking through the five-percent barrier, but 10-year notes and the six-month Libor rates declined (see rate charts below).

The benchmark interest rates were lower today with the 10-year note yield hitting 3.170 percent (see benchmark chart below). Another big benchmark, the 6-month LIBOR (London Interbank Offered Rate) rate, was down to 0.40875 percent. Other LIBOR rates were lower with the exception of the 1-year LIBOR. The Prime Rate remained steady today.

Current Mortgage Interest Rates Today – Wells Fargo Citibank and Bank of America make changes

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(Best Syndication News) Mortgage rates were higher today, bucking a one week trend (see rate charts below).

The 10-year note yield rate jumped to 3.18 percent Wednesday (see benchmark chart below). Banks consider various benchmark reference rates when determining the rate they will charge their customers.

The prime rate is 3.25 percent today. Many banks will use this rate as a benchmark for Adjustable Rate Mortgages (ARM).

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) jumped two basis points to 4.610 percent Wednesday. The trend is still lower for the week, month, and 100-day period.

Mortgage Rates continue on downward trend today – Chase SunTrust and PNC lead the way

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(Best Syndication News) Mortgage interest rates fell across the board today, continuing a long-term trend (see rate tables below).

The 10-year note, the benchmark for some lender rates, has been falling over the last day, month and 100-day period. The 10-year note yield hit 3.12 percent Tuesday. See the Benchmark Rate Chart below for more details.

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) fell four basis points to 4.587 percent Tuesday. Over the last 100-days, the rate has fallen 48 basis points. One basis point equals 1/100th of a percentage point.

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