Credit and Loans

Current Mortgage Rates Today - U.S. Bank and SunTrust raise their rates

FHA Chart

(Best Syndication News) Mortgage interest rates were higher today after investors and secondary lenders assessed new economic reports (see the mortgage rate charts below). SunTrust, U.S. Bank, JPMorgan Chase, and KeyBank were among the banks making changes.


Good news concerning manufacturing in China provided early confidence for Wall Street traders, but a negative number from the United States deflated the optimism. Lingering fiscal cliff worries also weighed on stocks throughout the session.

Fannie Mae and Freddie Mac halt Foreclosed Property Evictions until after Holidays

House and calendar - BSN

(Best Syndication News) - Fannie Mae and Freddie Mac announced that they would halt evictions during the holidays.

The Federal National Mortgage Association (OTC:FNMA) will halt evictions from foreclosed single family and 2-4 unit properties between December 19, 2012 and January 2, 2013. Similarly, the Federal Home Loan Mortgage Corp (OTC:FMCC) announced a nationwide halt to evictions between December 17, 2012 and January 2, 2013 for single-family homes and 2-4 unit properties.

Fannie Mae and Freddie Mac said that during this temporary pause, the families living in these properties will not be evicted. However, the legal and administrative proceedings will continue and the eviction process may continue during this period, but the actual evictions will be postponed.

Current Mortgage Rates Today – JPMorgan Chase and PNC lower rates

graph of 30-year FRM

(Best Syndication News) All of the major banks lowered their mortgage interest rates despite a rise in the secondary lending markets (see the mortgage rate charts below). Bank of America, JPMorgan Chase, Citigroup, PNC, SunTrust and other banks made changes.


Stocks were mostly lower throughout the session Friday as fiscal-cliff talks stalled in Washington. President Barack Obama told a group of employees at a toy factory that if an agreement is not reached by December 31st, income taxes could increase $2,200 for a family of four next year.

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.


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.


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.

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