The average interest rate on 30-year fixed-rate mortgages declined four basis points to settle at 3.454 percent. The gap between the 10-year bond yield and the 30-year loan rate decreased one point to 1.714 percent. The average rate on FHA-backed 30-year fixed-rate mortgages lost one basis point and the average VA lending rate declined four basis points.
JPMorgan Chase & Co. (NYSE:JPM) recovered from a fall after a study data revealed that the bank has gained top marks in customer satisfaction. The stock’s price increased in the last trading session with a previous 52-week high of $46.49. The stock was trading on below-average volume. The stock traded at a volume of 20.49 million shares at a price gain of 0.86%. The share price is now up 17.70% for the past three months. Latest closing price was 38.38% above its 50-day moving average and 38.50% above its 200-day moving average.
While trading at volume higher than average, KeyCorp (NYSE:KEY) added 0.11% yesterday. Its previous 52-week high was $9.12 and moved up 48.17% over the same period, trading at a volume of 11.98 million. Shares have risen 6.83% over the trailing 6 months. The stock is currently trading 7.59% above its SMA 50 and 13.08% above its SMA 200.
Citigroup Inc. (NYSE:C) was down after a new fine imposed on the bank. The company has a market value of $98.21 billion. It employs 261,000 people, over the last 12 months has generated revenue of $70.51 billion and has a net income of $10.37 billion. The firm’s operating margin is 18.25 percent and net profit margin 14.19 percent. The latest closing price of its shares moved up 30.85% from the 50-day moving average.
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