Last week several home purchase and refinance loans experienced upticks in mortgage rates at PNC Bank (NYSE:PNC). In the beginning of the new week, its seems that interest rates have been holding steady on the majority of mortgage loans at this lender.
Now, looking at today’s refinance mortgage rates at the Pittsburgh-based financial institution, the 30-year fixed loan is listed at a rate of 4.250% – 4.625%. Those, looking to secure PNC Bank’s mid-term, 20-year home refinance loan, can expect to pay 4.000% – 4.375% in interest. Shorter-term home refinance loan options include the 15-year fixed mortgage, which is up for grabs at an interest cost equivalent to 3.250% – 3.625%. At PNC Bank, 10-year refinance loan plans are starting at a lending rate of 3.000% – 3.500%, according to the latest mortgage information. For further details on the lender’s refinance rates, as well as information on current home purchase rates, please check the data below.
PNC Bank has been offering excellent mortgage rates under both its home purchase and refinance programs, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some ideal loan options at this financial institution.
PNC Bank Home Purchase Rates
30-Year Fixed Mortgage: 4.125% – 4.500%, 4.251% – 4.426% APR
20-Year Fixed Mortgage: 3.875% – 4.125%, 4.046% – 4.080% APR
15-Year Fixed Mortgage: 3.125% – 3.500%, 3.317% – 3.404% APR
10-Year Fixed Mortgage: 2.875% – 3.375%, 3.178% – 3.235% 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: 4.250% – 4.625%, 4.364% – 4.539% APR
20-Year Fixed Mortgage: 4.000% – 4.375%, 4.170% – 4.286% APR
15-Year Fixed Mortgage: 3.250% – 3.625%, 3.496% – 3.563% APR
10-Year Fixed Mortgage: 3.000% – 3.500%, 3.327% – 3.409% 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.
Please, note that the current mortgage interest rates above are only estimates. Mortgage 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 published the results of its weekly Primary Mortgage Market Survey (PMMS) last week, which showed that the average rate on the 30-year fixed loan ticked up by 2 basis points to 4.14%. As for the 15-year FRM, the national average rate increased to 3.23%, the Virginia-based mortgage-buyer said in its weekly survey.
More details on PNC Bank’s mortgage interest rates, borrowing terms and conditions, as well as information on other loan options, can be found on the lender’s website.