Why the Rich Are Getting Lower Mortgage Rates

By Matt Koppenheffer and David Hanson – Sep 5, 2013 at 7:10PM

NYSE: BAC

Bank of America

Market Cap

$298B

Today's Change

(-1.07%) -$0.41

Current Price

$37.91

Price as of April 25, 2024, 4:00 p.m. ET

Today's top stories for banking and financial sector investors.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the day's headlines. Among the newsmakers they discuss are banks' latest efforts to boost auto-lending revenue, and why jumbo mortgage rates are ticking lower.

David Hanson owns shares of JPMorgan Chase & Co.. Matt Koppenheffer owns shares of Bank of America and JPMorgan Chase & Co. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase & Co., and Wells Fargo. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.