Mortgage Rates Today: Purchase Options at PNC Bank Offer Buying Opportunities

October 14, 2011 / Russell Legato, Residential Property Analyst

Although it would be fair to state that the very best purchase mortgage deals to be had in decades are well and truly a thing of the past, PNC Bank (NYSE:PNC) and many others are today continuing a strong run, where minor rises have done little to quell the excellent value.

Mortgage Rates Today: Purchase Options at PNC Bank Offer Buying Opportunities

With regard to the most popular packages available this Friday from SunTrust, 30 year fixed rate home purchase terms are now at 4.000% and a resulting APR of 4.183%, while the equally popular 15 year purchase term is at 3.250% and an APR of 3.546%.

Shorter 10 year fixed terms can also be taken out for 3.250% and a 3.439% APR, while the 20 year fixed option is at 3.750% and 4.000% APR.

Moving on to refinance packages, the standard 30 year fixed term deal is now being advertised for 4.250% and a resulting APR of 4.433%, while the 15 year refinance package can be locked in for 3.500% and a competitive APR of 3.831%.

A number of fractional rises throughout the course of the week have proved little cause for concern, as the American public has once again proved to be showing little interest in signing up for any major credit for the time being at least.

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