Mortgage Rates Today: PNC Rates Among Lowest on Friday

October 07, 2011 / Russell Legato, Residential Property Analyst

PNC Bank (NYSE:PNC) has spent much of the week offering a range of purchase and refinance mortgage packages which in some cases leave the competition in the dust, with Friday looking to prove no different. As PNC enters the weekend, it is clear that there is still excellent opportunity to lock in an excellent deal.

Mortgage Rates Today: PNC Rates Among Lowest on Friday

For new and used home purchases, borrowers looking to PNC can expect t o find the 30 year fixed term deal being offered for as low as 3.87% with a resulting APR of 4.067%, while the 15 year alternative can be secured for 3.250% with an APR of 3.527%.

There has quite simply never been a period in the last 60 years when current homeowners have such potential to save on their current terms with a valuable remortgage deal. PNC are today offering the 30 year standard fixed rate refinance package for 4.250% with a resulting APR of 4.412%, while the alternative 15 year refinance package can be taken out for 3.500% with an APR of 3.794%

There is clearly still plenty of time available for those who may have been procrastinating whether or not to take the leap and make the most of the low rates, though it cannot be ignored that there are already millions on the sidelines who seem to be beyond temptation, regardless of how low the rates may go.

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