The interest rates on benchmark 30-year fixed rate mortgage loans have been disclosed today at the PNC Bank and have been quoted at 4.375% making the corresponding APR to be 4.574%. In contrast to this, the individuals who are interested in shorter term deals can go for 15-year fixed rate mortgage loans which are being offered by the bank today at an interest rate of 3.375% which capitulates a corresponding APR of 3.673%. The interest rates on 30-year and 15-year fixed rate loans since last three days are being listed at 4.375% and 3.375% respectively. No change in the interest rates has been reported even today.
Moving on to the 10-year and 20-year fixed rate mortgage loans, the 10-year FRM loans can be had at the bank today at an interest rate of 3.125% which makes the corresponding APR to be 3.580%. On the other hand, the 20-year fixed rate loans have been published at an interest rate of 4.000% which yields a corresponding APR of 4.239%. Both the 10-year and 20-year FRM loans have not witnessed any change in the interest rates since last three days. Thus, the rates on purchase loans have been found to be constant.
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Moving on to the category of refinance loans, the interest rates on 30-year refinance fixed rate loans are on the books at 4.625% capitulating a corresponding APR of 4.770%. The 15-year refinance fixed rate loans can be had for 3.500% interest rate corresponding to an APR of 3.812%. The interest rates on the above two mentioned categories of loans have not been altered by the bank in the past three days.
In addition to this, the 10-year refinance fixed rate loans are available at an interest rate of 3.375% carrying an APR of 3.772%. On the other hand, the interest rates on 20-year refinance FRM loans are coming out at 4.125% with an APR of 4.376%. These mortgage rates have also not witnessed any change since last few days.
Therefore, the interest rates on neither the purchase loans nor the refinance loans have been changed by the bank.
Disclaimer: The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower. This website does not engage in the sale or promotion of financial products and makes no claims as to the accuracy of the quotation of interest rates.