The 30 Year Fixed Rate category at PNC bank (NYSE:PNC) [stockdata ticker=”PNC”] is holding this morning at the rate of 4.500% with a corresponding APR of 4.586%.
The purchase rates have been based on a “$200,000 property located in the city of Chicago, IL” and “given a “30 day lock,” “debt-to-income ratio below 40%,” among other assumptions.
The 15 Year Fixed Rate, a popular option among buyers, is available to borrowers at the rate of 3.250% with a corresponding APR value of 3.499%.
The 10 Year Fixed Rate Mortgage remains at 3.000% today with an increased APR value of 3.358%.
Please see the lenders website or speak to a mortgage specialist at your closest PNC branch for more detailed information.
The refinance rates for PNC bank are available at the following rates for November 13, 2013.
Today, the benchmark 30 Year Refinance increased to a rate of 4.625% with a corresponding APR of 4.700%.
Rates and payments quoted above are based on loans secured by property in the city of Chicago, IL. Rates and payments, closing costs and points vary by property location, loan type and individual borrower credit and income characteristics.
Borrowers interested in the popular 15 Year Refinance rate, it can be had for 3.500% today with a corresponding APR of 3.638%
The 10 Year Fixed Rate Refinance with the lender is listed for a varying rate of 3.250% today. The APR is at 3.608%.
PNC has a fully functional mortgage section on their website which includes various informational tools like documents pertinent to mortgage applications.
*Notice Regarding Adjustable Rate Mortgages: Interest is fixed for a set period of time, and adjusts periodically thereafter. At the end of the fixed rate period, the interest and monthly payments may increase.
**Notice Regarding Interest Only Mortgages Interest only loans provide for payment of interest only for a set period of time, and payment of principal and interest for the remainder of the loan term. Interest only payments do not reduce principal. At the end of the interest only period, your monthly payment will increase, possible substantially, because you will be required to pay down the outstanding principal and all accrued interest.
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.