Mortgage Rates Today: PNC Packages Excellent Value

October 03, 2011 / Russell Legato, Residential Property Analyst

Following an incredibly strong finish to the past week regarding value and options, PNC (NYSE:PNC) has once again begun Monday by advertising a range of staggeringly low mortgage rates – all of which are in line with both national averages and the other major lenders of the US.

Mortgage Rates Today: PNC Packages Excellent Value

With regard to mortgage deals for the purpose of home purchase, 30 year fixed term contracts can today be taken out for 3.750% with an APR of 3.919%, while the 15 year term for purchase is today being advertised for 3.250% with an attached APR of 3.398%.

The slightly less common though equally valuable 20 year term for purchase mortgages Is today being offered for 3.750% with an APR 3.812%.

For those looking to save on their current terms by entering into a new refinance agreement, 30 year fixed contracts are today available from PNC for 3.875% with an attached APR of 4.064%, while the popular 15 year fixed refinance term is at 3.250% with an APR of 3.559%

10 year terms for those looking to clear their balances even quicker can be secured for 3.250% with an APR of 3.404%.

While the refinance deals being offered across the US are continuing to provide the potential for millions to save tens of thousands of dollars on their outstanding mortgages, tumbling equity and general lack of confidence has resulted in dwindling interest in such applications across the board.

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