Credit and Loans

Current Mortgage Rates Today – Rates fall sharply at HSBC and JPMorgan Chase

Chart of 15-year FRM

(Best Syndication News) Mortgage interest rates sank quickly today as lenders watched their benchmarks drop after the election (see the mortgage rate charts below). Bank of America, Citibank, JpMorgan Chase, and HSBC all lowered their rates in response to the changing marketplace.

Benchmarks

The first post-election equity trading session was a big disappointment for investors. Two issues were front and center: The looming fiscal cliff and a worsening European recession that could be spreading to Germany. Although Republican and Democrat leaders agreed to work together to hammer-out the debt-ceiling issue before the January 1st deadline, uncertainty continued to spread through Wall Street.

Current Mortgage Rates Today – Loans shift higher as Wells Fargo and KeyBank make changes

chart of VA Mortgage Rate

(Best Syndication News) Mortgage interest rates advanced today as investors migrated back into equities (see the mortgage rate charts below). While voters trekked to the polls, Wells Fargo, JPMorgan Chase, PNC, KeyBank, and other lenders raised their rates.

Benchmarks

Stock prices rallied election-Tuesday as some of the uncertainty was being lifted from the market. There were no major economic headlines in the United States, but like many other past-election days, stock prices were higher.

Current Mortgage Rates Today – Loan Rates Lower as PNC and Bank of America make adjustments

15-year fixed mortgage rates

(Best Syndication News) Mortgage interest rates pulled back today as the secondary lending market made adjustments (see the mortgage rate charts below). All of the major lenders, including JPMorgan Chase, Bank of America, Citibank, and Wells Fargo, lowered their mortgage loan rates.

Benchmarks

The Dow Jones Industrial Average (DJIA) and broader S&P 500 indexes spent most of the day in negative territory as investors held-back before the election. The disruption of power service and fuel distribution in the Northeast following Super-storm / Hurricane Sandy also held equities in check.

Current Mortgage Rates Today – U.S. Bank Raises Rates while JPMorgan Chase Lowers Them

30-Year Mortgage Rates

(Best Syndication News) Mortgage interest rates generally trended higher today as lenders scattered in opposite directions (see the mortgage rate charts below). JPMorgan Chase and Citibank lowered their rates while U.S. Bank, SunTrust, PNC, and other banks raised them.

Benchmarks

Stock prices nose-dived Friday as investors continued to fret over the consequences of Hurricane / Super-storm Sandy and the election Tuesday. Economic news weighed on the market as a mixed-bag of results prompted the pull-back.

Current Mortgage Rates Today – Loans Fall Despite Good Economic News

Graph of 5-year ARM

(Best Syndication News) Mortgage interest rates fell slightly as some lenders deferred loan rate reductions following the market closures earlier in the week (see the mortgage rate charts below). Citibank and SunTrust raised their rates while KeyBank and Wells Fargo lowered them.

Benchmarks

Stocks rebounded Thursday after a mostly down-day Wednesday following the closure of the markets on Monday/Tuesday because of Hurricane Sandy. Good economic news provided the confidence investors needed to take risks in the equity markets.

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