Mortgage Rates Today

Current Mortgage Rates Today – Loans trending higher at PNC and KeyBank

ARM chart

(Best Syndication News) Lenders began raising their loan rates today after 3-straight days of declines (see the mortgage rate charts below). Citibank, JPMorgan Chase, KeyBank, and PNC raised their rates while Bank of America lowered them.

Benchmarks

Stocks were higher Thursday despite negative comments concerning the national debt negotiations in Washington. House Speaker John Boehner said he was disappointed in the progress, and placed the blame squarely on the Whitehouse. Democrats complained that the GOP was dragging their feet.

Current Mortgage Rates Today – Wells Fargo and Chase lower rates

Chart of 15-Year FRM

(Best Syndication News) Mortgage interest rates fell today despite a migration back into equities (see the mortgage rates below). Citigroup, U.S. Bank, Wells Fargo, and JPMorgan Chase were among the lenders lowering their loan rates.

Benchmarks

President Barack Obama met with business leaders Wednesday to discuss the fiscal cliff. Chief Executive Officers (CEOs) from Yahoo! Inc. (NASDAQ:YHOO), Caterpillar Inc. (NYSE:CAT), and other major companies met at the Whitehouse to provide their opinions on taxes and spending.

Current Mortgage Rates Today – SunTrust and U.S. Bank lower their loan rates

VA Mortgages

(Best Syndication News) Mortgage interest rates continued to fall today as secondary lenders adjusted to the shifting capital markets (see the mortgage rate charts below). JPMorgan Chase, SunTrust, Bank of America, and U.S. Bank were among the banks following a downward trend.

Benchmarks

Stocks nose-dived again as investors shifted their focus from Greece to the United States. The prospect of failed budget negotiations weighted heavy on equity markets.

Current Mortgage Rates Today – Loans lower at PNC and Citibank

FHA chart

(Best Syndication News) Mortgage interest rates were lower today as lenders adjusted their loan products to the changing secondary market (see the mortgage rate charts below). U.S. Bank, SunTrust, PNC, and Citibank were among the banks making changes.

Benchmarks

New concerns over the fiscal cliff and European debt pushed equities lower Monday as money moved into the safe-havens. The estimated losses to consumer spending could eclipse all of the expenditures made during the Black Friday weekend if the country tumbles off the cliff.

Current Mortgage Rates Today – Conventional loans higher

FRM

(Best Syndication News) Mortgage interest rates are higher today as capital markets take on riskier investments (see the mortgage rate charts below). SunTrust and Bank of America raised their base rate, while JPMorgan also made changes.

Benchmarks

Stocks were higher again Black Friday as investors anticipate an excellent shopping season. Sales are expected to increase four percent this year, according to the National Retail Federation. Many stores, including Wal-Mart, Target, Toys-R-Us, and K-Mart, were open late Thanksgiving Day this year.

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