Home Refinance Rates Today: PNC Bank 30-Year and 20-Year Mortgage Rates for October 16

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Home Refinance Rates Today: PNC Bank 30-Year and 20-Year Mortgage Rates for October 16American lender, PNC Bank (NYSE:PNC) updated its mortgage information for Thursday, October 16, which is discussed below.

PNC Bank has been offering excellent mortgage rates under both its home purchase and refinance 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 mortgage solutions at this bank.

PNC Bank Home Purchase Rates

30-Year Fixed Mortgage: 3.894% – 4.094%, 3.875% – 4.250% APR
20-Year Fixed Mortgage: 3.621% – 3.731%, 3.625% – 3.875% APR
15-Year Fixed Mortgage: 3.027% – 3.243%, 3.000% – 3.500% APR
10-Year Fixed Mortgage: 2.836% – 2.854%, 2.875% – 3.125% 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: 4.112% – 4.248%, 4.125% – 4.375% APR
20-Year Fixed Mortgage: 3.773% – 3.964%, 3.750% – 4.125% APR
15-Year Fixed Mortgage: 3.240% – 3.401%, 3.250% – 3.625% APR
10-Year Fixed Mortgage: 3.010% – 3.226%, 3.000% – 3.500% 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.

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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 disclosed the results of its weekly Primary Mortgage Market Survey (PMMS) this 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% this week, the Virginia-based mortgage-buyer reported in its weekly survey.

For further details on the latest home purchase and refinance mortgage interest rates at PNC Bank, as well as information on borrowing terms and conditions and loan assumptions, please see the bank’s website.