Mortgage Rates Today: PNC Bank Keeping Excellent Deals Going for the Weekend

October 08, 2011 / Russell Legato, Residential Property Analyst

PNC Bank (NYSE:PNC) has spent the vast majority of the week offering some excellent mortgage deals and refinance packages across various popular terms, which is exactly the case as we move into the weekend. However, even with national averages remaining around all time lows, consumer interest in taking out such services is once again teetering on the brink of disastrously low levels.

Mortgage Rates Today: PNC Bank Keeping Excellent Deals Going for the Weekend

In the case of the new and used home purchase deals on offer from PNC Bank today, 30 year fixed term deals can be taken out with an interest rate of 4.000% and a resulting APR of 4.172%, while the popular 15 year deal is available for 3.250% and a 3.527% APR.

The less conventional 10 year fixed term for purchase is today at 3.250% and an APR of 3.439%, while the weekend has brought the 20 year fixed term deal to a rate of 3.750%, yielding an APR of 3.986%.

Moving on to refinance deals, PNC is today advertising the standard 30 year fixed term contract for 4.250% and a resulting APR of 4.444%, while the valuable 15 year alternative can be taken out for 3.500% and an APR of 3.812%.

It of course goes without saying that the above figures represent excellent value for money across many of the most popular package being offered across the nation today, though with little movement other than in the less desirable direction, it appears unlikely that the housing market is about to undergo the rejuvenation it so desperately needs.

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