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Current Mortgage Rates Today – Bank of America and KeyBank raise loans rates again

Chart 15-Year Mortgage

(Best Syndication News) Mortgage interest rates advanced while the secondary lenders lowered their yield rates (see the mortgage rate charts below). JPMorgan Chase and PNC lowered some of their loan products, but Bank of America and KeyBank raised them.

Benchmarks

Confidence that a resolution to the fiscal cliff crisis helped push stock prices higher Monday. Reports from Washington over the weekend hinted that House of Representatives Speaker John Boehner was willing to allow taxes to increase on Americans earning $1 million or more.

Office Depot adds PayPal payments for Online Shoppers

Typing on the Keyboard - BSN

(Best Syndication News) - Office Depot, Inc. (NYSE:ODP) announced the addition of PayPal payments for shoppers at their website. The service is up and running today and customers can opt for PayPal as a payment method during checkout.

PayPal is an eBay Inc. (NASDAQ:EBAY) owned company that processes payments. The shopper can enter in their credit card, bank information, billing, and shipping addresses in Paypal and not have to continue to do this at every website that they shop at. All that is needed is for the user to sign into their PayPal account to approve the transaction. Additionally, customers do not need to have a PayPal account to use this payment method.

Two Million Apple iPhone 5 units sold in three Days after China Launch

Apple iPhone 5 - credit: Apple Inc.

(Best Syndication News) - Apple Inc. (NASDAQ:AAPL), announced today that their launch on December 14, 2012 of their Apple iPhone 5 in China has generated over two million units sold in just three days. By the end of the month, the Apple iPhone 5 mobile phones will have been made available in over 100 countries.

Tim Cook, Apple’s CEO, said that the demand for their iPhone 5 in China is incredible. It has set a new record for the company selling in China. He reiterated how important the Chinese market is for Apple.

The United States launch of the Apple iPhone 5 was also a record setter. The company reported they have sold over 5 million iPhone 5 devices in just three days after the launched on September 21, 2012.

Target announces plan to open new store in Pomona

Target Store - BSN

(Best Syndication News) - Target Corporation (NYSE:TGT) announced plans to open a new store in Pomona, California. If all goes as planned, the store should open by October 2013. The Pomona store location is one of sixteen other Target store openings planned for next year.

The Pomona Target Store will be located on Rio Rancho Road and Auto Center Drive. In addition to their regular products, the store will have a grocery section with fresh produce, meats, and a bakery. Altogether, the store will encompass around 140,000 square feet.

Current Mortgage Rates Today – Citibank Lowers Loan Rates while PNC Raises Them

Graph 30-Year FRM

(Best Syndication News) Mortgage interest rates dropped today in response to competition for U.S. government securities (see the mortgage rate charts below). PNC and the secondary lenders raised their rates; however Citigroup, Bank of America, and some other major banks went in the opposite direction.

Benchmarks

Gas prices dropped more than seven percent in November. The average price for a gallon of gas fell to $3.30. The lower energy prices contributed to lower consumer costs, according to the Bureau of Labor Statistics.

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