The bond buying spree by the Federal Reserve was needed and apparently successful. Now that the U.S. economy has grown stronger legs most officials think it is time to stop lest there be too much of a good thing. At least one Fed Bank President believes that inflation could be the next problem. Charles Plosser, [...]
Refinance mortgage rates are a little higher at Bank of America today than home purchase rates. Many of the banks seem to hold the interest rates the same whether you are refinancing a current loan or buying a house but it is wise to check just the same. And whether the mortgage rate is the [...]
PNC Bank (NYSE: PNC) made adjustments to quoted mortgage rates today along with the other top lending U.S. banks. 30 year fixed loans at PNC are quoted in a range from 5.375% to 5.875% with APR’s of 5.588% to 5.908%. Rate quotes from other big lenders like Citigroup (NYSE: C) start at 5.00% for the [...]
Mortgage rates at Chase Bank start at 5.25% for 30 year fixed rate loans today. The mortgage is quoted with .875 points and yields a competitive APR of 5.328%. Citigroup, or rather the CitiMortgage division is offering 5.125% interest rates for the 30 year fixed loan today with 1.000 point and an APR of 5.445%. [...]
While mortgage rates have stepped upwards for two days in a row at the nation’s largest lenders, PNC has not re-priced this week. As if anticipating a general increase, two weeks ago PNC raised all of the interest ranges on its mortgages to levels that still seem high in comparison to other banks. 30 year [...]
PNC Mortgage along with the majority of the other big lenders nationwide increased mortgage rates on Friday. US markets reacted in a mixed fashion to the employment situation report that showed a decrease in the overall national unemployment rate to 9%. A separate report released at the same time showed new job growth at only [...]
Mortgage rates at Bank of America have returned to the 4.75% level on 30-year fixed rate loans today after a brief foray in the 5.00% range mid-week. The bank has had the best overall mortgage rates of the big four lenders for most of the fall. The difference in rates between banks has been less [...]
Freddie Mac’s weekly survey of national mortgage rates jumped up almost a quarter point, confirming the results of earlier reports. The 30-year fixed mortgage rate that just last week was at an all-time historical low of 4.17% shot up to 4.39% with 0.9 points. This is the highest level since the August 19th report. The [...]
Rates at lender Citibank stayed almost the same through another volatile day in the MBS market. Current mortgage rates for a 30-year fixed rate loan are 4.50% with .75 points, unchanged from yesterday except for a 0.125 drop in points. Citibank’s 15-year fixed rate mortgage is holding steady at 3.875% with a slight drop in [...]
Mortgage rates at Bank of America rose on Monday like many rates across the country and today are at 4.25% with 1.375 points for a 30-year fixed rate loan. Rates have stayed relatively constant since the beginning of the week. BOA’s rate is slightly better than competitor Wells Fargo who is showing 4.50% for a [...]
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