Credit and Loans

Current Mortgage Rates Today – Rates higher at JPMorgan Chase and SunTrust

15-year loan rate

(Best Syndication News) Mortgage interest rates were higher today after a shift in the capital markets (see the mortgage rate charts below). Bank of America lowered their rates while KeyBank, Chase, and SunTrust raised them.

Benchmarks

Slow job growth prompted the Federal Reserve to continue their stimulus program while new homes sales improved in September. Stocks opened higher but slowly lost ground throughout the trading day.

The Federal Reserve said that the economy is growing at a moderate pace and interest rates will remain at historic low levels.

PIN Pad Tampering Suspected at 63 Barnes & Noble Store Locations

Credit Cards - BSN

(Best Syndication News) - Barnes & Noble announced that PIN pad devices at 63 stores might have been tampered with, which could lead to the compromised personal information of their customers. The retailer said that there was evidence of tampering, and that it was limited to one PIN pad at each of the 63 store locations. The company has discontinued the use of all PIN pads at almost 700 of their stores nationwide.

Since discovering the problem, Barnes and Noble has notified federal law enforcement and will aid the government agencies in the investigation. The company has also completed their own internal investigation that involved inspecting every PIN pad at all of their stores.

Current Mortgage Rates Today – Citibank and PNC Among Lenders Lowering Loan Rates

Graph of 30-year loan rate

(Best Syndication News) Mortgage interest rates continued to trend lower today as secondary lenders reacted to a changing marketplace (see the mortgage rate charts below). Citibank, PNC, JPMorgan Chase, and Bank of America all lowered their loan products.

Benchmarks

Weak earnings reports and concerns of a global economic slowdown spurred a sell-off on Wall Street Tuesday. Several Dow and S&P 500 constituents lowered their earnings forecasts and provided less-than-expected quarterly results.

Current Mortgage Rates Today – U.S. Bank and KeyBank Lower Rates

Chart of FHA Mortgages

(Best Syndication News) The average mortgage rate advanced today, despite a move in the opposite direction by some lenders (see the mortgage rate charts below). U.S. Bank and KeyBank lowered their interest rates while SunTrust and Citibank raised them.

Benchmarks

After a day of disappointing earnings reports, Wall Street investors received some encouraging news from Yahoo! Inc. (NASDAQ:YHOO) after the closing bell. Although the company is still struggling, YHOO could be turning around following the appointment of Marissa Mayer as their Chief Executive Officer (CEO).

Current Mortgage Rates Today – JPMorgan Chase and Wells Fargo lower their loan rates

Graph of mortgage rates

(Best Syndication News) Most lenders lowered their conventional mortgage rates while investors fled the equity markets Friday (see the mortgage rate charts below). PNC raised their mortgage rate while JPMorgan Chase and Wells Fargo moved in the opposite direction.

Benchmarks

Unexpectedly weak earnings from McDonald's Corporation (NYSE:MCD), General Electric Company (NYSE:GE), and Microsoft Corporation (NASDAQ:MSFT) drove the three major indices lower Friday. The Dow Jones Industrial Average (DJIA) index suffered because of the crash in these constituents, but the NASDAQ fell even more.

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