As seems to be the general rule of thumb across the board this Monday morning, PNC Bank (NYSE:PNC) had show little to no significant movement over recent days in relation to mortgage rates, with a number of minor changes having all but cancelled each other out to bring packages right back to the incredibly attractive levels seen for most of last week.
First looking at the options available for home purchase packages this Monday morning, the 30 year fixed rate deal can be taken out at a rate of 3.875% and APR amounting to 4.035%, while shorter terms of 15 years can be taken out for 3.250% and APR of 3.380%.
The popular 20 year fixed rate deal can today be taken out and locked in for a rate of 3.750% and APR of 3.884%, while the increasingly sought after 10 year term is now available for 3.250% and APR of 3.175%.
In the case of refinance packages of interest this morning, the 30 year fixed term deal can be locked in for 4.125% and APR of 4.296%, while 15 year deals can be taken home for 3.250% and APR amounting to 3.540%.
Despite realistic predictions, mortgage rates again appear to be on course for a week of offering incredible opportunities for savings to millions of homeowners across the US. However, with little chance of said rates going anywhere other than up as time goes on, there is little to be gained by delaying and decisions on the part of the would be borrower, though perhaps quite a lot to lose.