Overall, mortgage interest rates barely changed on most of the home purchase and refinance loans at PNC Bank (NYSE:PNC) on Tuesday, April 15. Looking at current refinance rate quotes at this lender, the benchmark 30-year FRM is listed at a rate of 4.375% – 4.750%. A shorter-term option is the 20-year fixed refinance loan. According to the lender’s mortgage information, this type of loan has a daily low rate at 4.125% – 4.375%. Those, who can afford to refinance in a shorter-term, may be interested to learn that PNC Bank’s 15-year home refinance loan is quoted at a rate of 3.375% – 3.750% on Tuesday. Looking at 10-year version of the lender’s refinance mortgage, it’s published at a rate of 3.000% – 3.625%. Details on today’s home purchase rates, as well as more information on current refinance rates can be found 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 loan, may find some ideal mortgage deals at this lender.
PNC Bank Home Purchase Rates
30-Year Fixed Mortgage: 4.250% – 4.625%, 4.366% – 4.540% APR
20-Year Fixed Mortgage: 4.000% – 4.250%, 4.114% – 4.177% APR
15-Year Fixed Mortgage: 3.250% – 3.500%, 3.444% – 3.458% APR
10-Year Fixed Mortgage: 2.875% – 3.500%, 3.178% – 3.335% 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%, 4.512% – 4.664% APR
20-Year Fixed Mortgage: 4.125% – 4.375%, 4.223% – 4.329% APR
15-Year Fixed Mortgage: 3.375% – 3.750%, 3.567% – 3.670% APR
10-Year Fixed Mortgage: 3.000% – 3.625%, 3.354% – 3.509% 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 decreased by 7 basis points to 4.34%. As for the 15-year FRM, the national average rate moved down to 3.38%, the Virginia-based mortgage-buyer said in its weekly survey.
Further 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 bank’s website.