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PNC Bank published today’s Mortgage Rates (10/29/13)


PNC Bank published today’s Mortgage Rates (10/29/13)

PNC Mortgage Rates for 10-29-13Based 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 following purchase rates have been revealed.

The lenders 30 Year FRM is on the books today at a varying rate of 4.125% – 4.500%, while the corresponding APR is listed today at 4.251% – 4.458%

The 20 Year Purchase Transaction Fixed Rate Mortgage category can be had today at a rate of 3.750% – 4.125% while the APR values have decreased to 3.949% – 4.066%.

The much sought after 15 Year Fixed Rate stayed at the rate it was last week at 3.125% – 3.500% while the corresponding APR is listed at a varying 3.317% – 3.386%.

Interested borrowers can find the 10 Year FRM on the books today at a rate of 2.750% – 3.125% along with the APR of 3.104% – 3.061%. Both values have decreased over the past week.

PNC has a variety of refinancing options available to lenders.

The 30 Year Refinance is on the book for 4.250% – 4.625% along with the APR for the same term at 4.364% – 4.581%.

In the 20 Year Fixed Refinance category, the available rate is listed at 4.000% – 4.250% while the corresponding APR for this term is 4.155% – 4.218%.

Borrowers keen on the 15 Year Refinance rate can find it between 3.250% – 3.625% today with a corresponding APR of 3.478% – 3.527%

The 10 Year Fixed Rate Refinance with PNC is listed for a varying rate of 3.000% – 3.500% today. The APR is at 3.247% – 3.383%.

PNC calculates all refinances on their website with the assumption of a $200,000 property value located in Chicago, IL. All of the rates for refinance are valid for 45 day locks.

Further details can be found on PNC Bank’s latest mortgage rates as well as the terms which can be found on the lender’s website.

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.

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L.J is a contributor covering financial, entertainment and politics news. A freelance writer for various online publications with a great interest in real estate investment.

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