Pittsburgh-based financial institution, PNC Bank (NYSE:PNC) updated its mortgage information for Wednesday, April 30, which shows only little changes compared to rate levels from earlier this week. By browsing through today’s refinance loan options at this lender, borrowers can see the 30-year FRM being quoted at a rate of 4.375% – 4.750%. Moving on to the mid-term, 20-year fixed mortgage, it’s up for grabs at an interest cost equivalent to 4.125% – 4.375%. Mortgage shoppers, who are more interested in shorter-term home refinance loans, may want to consider PNC Bank’s 15-year mortgage, which can be secured at a rate of 3.375% – 3.750%. As far as the short-term, 10-year fixed mortgage is concerned, the current mortgage interest rate on this loan stands at 3.000% – 3.625%. The lender also updated the mortgage information on its home purchase loans. For details on them, 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 suitable loan options at this financial institution.
PNC Bank Home Purchase Rates
30-Year Fixed Mortgage: 4.250% – 4.625%, 4.377% – 4.551% APR
20-Year Fixed Mortgage: 4.000% – 4.250%, 4.114% – 4.177% APR
15-Year Fixed Mortgage: 3.250% – 3.625%, 3.462% – 3.511% APR
10-Year Fixed Mortgage: 2.875% – 3.500%, 3.178% – 3.361% 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: 4.375% – 4.750%, 4.523% – 4.674% APR
20-Year Fixed Mortgage: 4.125% – 4.375%, 4.238% – 4.343% APR
15-Year Fixed Mortgage: 3.375% – 3.750%, 3.586% – 3.688% APR
10-Year Fixed Mortgage: 3.000% – 3.625%, 3.354% – 3.535% 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 6 basis points to 4.33%. As for the 15-year FRM, the national average rate climbed to 3.39%, 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.