Mortgage Rates Today: 30-Year and 20-Year Refinance Mortgage Rates at PNC Bank for March 11

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PNC Bank Mortgage RatesTop U.S. lender, PNC Bank (NYSE:PNC) disclosed the updated mortgage information for its conventional loans on March 11, 2015. Current details on 30-year and 15-year home purchase and refinance mortgage loans, discount points and annual percentage rates (APRs) are discussed below. This lender has been offering attractive 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 mortgage, may find some suitable loan solutions at this lender.

PNC Bank Home Purchase Rates

30-Year Fixed Mortgage: 3.750% – 4.125%, 3.944% – 4.134% APR
20-Year Fixed Mortgage: 3.625% – 3.875%, 3.821% – 3.914% APR
15-Year Fixed Mortgage: 2.875% – 3.375%, 3.210% – 3.349% APR
10-Year Fixed Mortgage: 2.750% – 3.000%, 3.102% – 3.091% 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: 4.000% – 4.250%, 4.154% – 4.258% APR
20-Year Fixed Mortgage: 3.750% – 4.000%, 3.975% – 4.052% APR
15-Year Fixed Mortgage: 3.125% – 3.500%, 3.405% – 3.509% APR
10-Year Fixed Mortgage: 2.875% – 3.375%, 3.279% – 3.360% 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.

Freddie Mac, which is based in McLean, VA, said on Thursday, that the average rate on the 30-year fixed mortgage sank to 3.75% from the previous 3.8%. Meanwhile, the interest rate on the shorter-term 15-year fixed mortgage fell to 3.03% last week. Previously this type of mortgage loan was hovering at a rate of 3.07%, according to the organization.

Consumer financial services company, Bankrate also released its weekly mortgage survey, which revealed that the interest rate on the 30-year mortgage drifter higher to 3.93% last week. The interest rate on the shorter-term, 15-year mortgage rose by 1 basis point to 3.16%, according to the survey. The interest rate on the 5/1 ARM escalated in Bankrate’s survey, this type of mortgage is now standing at 3.28%.

For more 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 visit the lender’s website.