Business News

Current Mortgage Rates Today – Citibank and KeyBank among lenders raising loans

15-Year FRM

(Best Syndication News) Mortgage interest rates continued to move higher despite a stumble in the equity markets (see the mortgage rate charts below). JPMorgan Chase, SunTrust, Citigroup, and KeyBank were among the banks raising their loan products.


Markets in the United States were only open for half the day but that didn’t stop a quick sell-off. Most of the economic news last week was positive, but the fiscal cliff uncertainty continued to put downward pressure on the equity markets.

Current Mortgage Rates Today – Loans slide at SunTrust and JPMorgan Chase

Conventional Rate Graph

(Best Syndication News) Mortgage interest rates slipped today as lenders reacted to descending benchmarks (see the mortgage rate charts below). Bank of America, KeyBank, SunTrust, and JPMorgan Chase lowered their conventional loan rates.


Lack of progress on the fiscal cliff issue produced a sell-off on Wall Street Friday. House of Representatives Speaker John Boehner was unable to rally support for his Plan-B which would have raised taxes on those making over $1 million. His fellow Republicans balked at the idea of raising taxes before they went home for the Christmas break.

Current Mortgage Rates Today – Loan rates drop at U.S. Bank and Citibank

5-year ARM Chart

(Best Syndication News) Mortgage interest rates dropped despite an upswing in the equity markets (see the mortgage rate charts below). SunTrust raised their rates while Bank of America, Citigroup, and U.S. Bank lowered their loan rates.


Bargain hunters reacted to the lower stock prices Thursday despite more negative rhetoric from Washington. House of Representatives Speaker John Boehner said he would bring a proposal to Congress that would raise taxes on Americans making $1 million or more. Traders were optimistic that a solution would be reached.

Dogs invited to New York Stock Exchange to Ring Opening and Closing Bell

Thomas Kay and Chris Carella take a break from a busy morning of trading stocks to hang out with Pawl Griffin, Vice President of Canine Communications, Eukanuba Dog Foods who lent a paw to help ring the opening bell at the New York Stock Exchange on Thursday, December 20, 2012. credit: P&G/BUSINESS WIRE

(Best Syndication News) - The NYSE Euronext (NYSE:NYX) used dogs to help open and close the trading day by ringing in the opening and closing bell. Shelter and service dogs were invited to the NYSE to help bring awareness to two charities.

Eukanuba joined Canine Companions for Independence to ring the opening bell. Iams teamed up with Helen Woodward Animal Center to ring the closing bell.

Iams rang the bell in honor of their “Iams Home 4 the Holidays”, which is one of the largest pet adoption drives. The pet adoption drive is in its 14th year. This year the drive is going on between October 1, 2012 and ends on January 2, 2013.

Current Mortgage Rates Today – PNC and Bank of America raise their interest rates

Adjustable Rate Mortgages

(Best Syndication News) Mortgage interest rates were mixed today as lawmakers wrangled over a solution to the fiscal cliff (see the mortgage rate chart below). SunTrust lowered their loan rates while JPMorgan Chase, Bank of America, and PNC raised them.


Despite the threat of a Whitehouse veto, House Republicans will take up House of Representatives Speaker John Boehner’s “Plan-B” to avoid forced austerity in January. Today the Speaker said that over 99 percent of Americans will continue to see tax relief under his plan. It is up to the Democrats now, according to Boehner.

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