Mortgage Rates Today: PNC Bank Rates Holding Steady After Marginal Increases

October 20, 2011 / Russell Legato, Residential Property Analyst

PNC Bank (NYSE:PNC) has spent much of the week leading by example, with many of their home purchase and refinance mortgage rates coming in notably below those of the competition. Thursday looks to be no different, with PNC continuing to offer some of the strongest deals in the market across the board.

Mortgage Rates Today: PNC Bank Rates Holding Steady After Marginal Increases

Looking first at the options for new and used home purchase, the standard 30 year fixed term agreement can be locked in for a rate of 4.125% and an APR amounting to 4.299%, while the 15 year alternative is today being offered for 3.250% and an APR of 3.583%.

The 20 year fixed term deal on the other hand is now at 3.875% and an APR amounting to 4.098%, while the brief 10 year fixed contract is being offered for 3.250% and 3.492% APR.

With regard to refinance options, packages for today include the standard 30 year fixed term deal at 4.375% and an APR of 4.538%, while the 15 year alternative can be locked in for 3.625% and a 3.939% APR.

Exactly how long the current run of strength can continue is anybody’s guess, but with another series of minor rises forecast for the coming days and weeks, the time to make the most of the deals before they come to an end is very much right now.

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