Interest rates improved on a few mortgage loan packages at PNC Bank (NYSE:PNC) on Thursday, March 13 and annual percentages rates ticked down as well. Today’s mortgage rate data shows, that the standard 30-year loan, for refinancing purposes, is published at a rate of 4.500% – 4.750%. The 20-year FRM improved a tad, as it now starts at 4.125% – 4.500%. This is a slight downtick in basis points compared to the previous 4.250% – 4.500% that it held on Wednesday. Potential customers, who favor PNC Bank’s 15-year fixed refinance loan, may be able to lock this type of mortgage at a rate of 3.375% – 3.750%. Refinancing in shorter-term is also possible with the help of the 10-year mortgage loan. Currently, this loan package is available at a rate of 3.125% – 3.625% at PNC Bank. Today’s updated mortgage information also contains data for home purchase loans. For details 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 suitable loan offerings at this lender.
PNC Bank Home Purchase Rates
30-Year Fixed Mortgage: 4.375% – 4.625%, 4.482% – 4.572% APR
20-Year Fixed Mortgage: 4.000% – 4.250%, 4.158% – 4.220% APR
15-Year Fixed Mortgage: 3.250% – 3.500%, 3.444% – 3.458% APR
10-Year Fixed Mortgage: 3.000% – 3.500%, 3.225% – 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: 4.500% – 4.750%, 4.595% – 4.685% APR
20-Year Fixed Mortgage: 4.125% – 4.500%, 4.282% – 4.411% APR
15-Year Fixed Mortgage: 3.375% – 3.750%, 3.567% – 3.670% APR
10-Year Fixed Mortgage: 3.125% – 3.625%, 3.427% – 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) on Thursday, which showed that the average rate on the 30-year fixed loan rose to 4.37% As for the 15-year FRM, the national average rate increased 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.