Current Mortgage Rates Today: TD Bank and PNC Bank Refinance Mortgage Rates for October 20

0
48

Mortgage Interest Rates Today at TD Bank and PNC Bank for October 20North American financial institutions, TD Bank (NYSE:TD) and PNC Bank (NYSE:PNC), updated their mortgage rate sheets for Monday, October 20. Details on the mortgage originators’ latest conventional home loan rates and annual percentage rates (APRs) can be be found below.

These loan providers advertise excellent interest rates under their mortgage loan programs, so those who are looking to invest either in a new / used home or to refinance an existing loan, may find some ideal loan packages at these financial institutions.

TD Bank Home Purchase Rates

30-Year Fixed-Rate Mortgage: 3.938%, 4.004% APR
15-Year Fixed-Rate Mortgage: 3.188%, 3.304% APR

The rate information provided assumes the purpose of the mortgage loan is to purchase a property, an existing single family home to be used as a primary residence with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Framingham, MA. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

TD Bank Refinance Rates

30-Year Fixed-Rate Mortgage: 4.000%, 4.064% APR
15-Year Fixed-Rate Mortgage: 3.250%, 3.362% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.098% APR
5/1 Adjustable Rate Mortgage (ARM): 3.250%, 2.983% APR

The rate information provided assumes the purpose of the mortgage loan is to refinance an existing mortgage with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Framingham, MA. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

PNC Bank Home Purchase Rates

30-Year Fixed Mortgage: 4.093% – 4.145%, 4.125% – 4.250% APR
20-Year Fixed Mortgage: 3.761% – 3.924%, 3.750% – 4.125% APR
15-Year Fixed Mortgage: 3.117% – 3.278%, 3.125% – 3.500% APR
10-Year Fixed Mortgage: 2.935% – 3.105%, 3.000% – 3.375% APR

The rate information provided assumes the purpose of the mortgage loan is to purchase a property, an existing single family home to be used as a primary residence with a loan amount of $200,000. The property is located in Chicago, IL. The interest rate reflects a 30 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

PNC Bank Refinance Rates

30-Year Fixed Mortgage: 4.216% – 4.362%, 4.250% – 4.500% APR
20-Year Fixed Mortgage: 3.996% – 4.075%, 4.000% – 4.250% APR
15-Year Fixed Mortgage: 3.384% – 3.436%, 3.375% – 3.625% APR
10-Year Fixed Mortgage: 3.110% – 3.300%, 3.125% – 3.625% APR

The rate information provided assumes the purpose of the mortgage loan is to refinance an existing mortgage with a loan amount of $200,000. The property is located in Chicago, IL. The interest rate reflects a 45 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

► Compare Today’s Mortgage Rates and Find The Best Loans

Please, note that the current interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

As far a current national average interest rates are concerned, Freddie Mac disclosed the results of its weekly Primary Mortgage Market Survey (PMMS) last week, which revealed that the average rate on the 30-year fixed mortgage slipped by 15 basis points to 3.97%. This marks the lowest average interest rate for the 30-year fixed mortgage since June 20, 2013. As for the 15-year FRM, the current average rate on this loan fell to 3.18% last week, the Virginia-based mortgage-buyer reported in its weekly survey.

For additional details on the latest home purchase and refinance mortgage interest rates at TD Bank and PNC Bank, as well as information on borrowing terms and conditions and loan assumptions, please take a visit to the lenders’ websites.