Mortgage Rates Today: PNC Rates for Thursday Showing Little Movement

October 06, 2011 / Russell Legato, Residential Property Analyst

PNC (NYSE:PNC) has been providing borrowers with excellent and competitive mortgage products and packages throughout the first half of the week and it appears they will be doing the same as the weekend draws closer.

Mortgage Rates Today: PNC Rates for Thursday Showing Little Movement

For new and used home purchases, the 30 year fixed rate mortgage is today at 3.875% with an APR of 4.024%, while the popular 15 year fixed rate alternative is at 3.250% with an APR of 3.490%.

The 10 year fixed deal for purchase is at 3.250% which yields an APR of 3.306%, while the 20 year fixed rate deal can be take on for 3.750% with an APR of 3.884%.

With regard to the options being made available this Thursday for refinance mortgages, the 30 year fixed rate deal can be taken out for 4.125% with a resulting APR of 4.296%, while the 15 year fixed rate alternative can be found at 3.375% with a resulting APR of 3.686%.

Slight fluctuations and increases in a number of mortgage rates may be little cause for alarm as it stands, but could signal the start of things to come and the end of one of the most profitable periods in the history of the consumer housing market.

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