Today’s mortgage rates of PNC Bank (July 4 2013)

PNC is offering its 30 year popular loan at an interest rate of 4.375% today which results in 4.552% APR. In the same genre, 15 year fixed rate mortgage is quoted as 3.375% yielding an APR of 3.617%.  As far as 10 year loan scheme is concerned, PNC decided its interest rate as 3.250% with results in an APR of 3.726%. The finest loan of 20-Year plan is starting at 4.000% with an APR of 4.210%.

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The prestigious bank is offering its 10-Year loan adjustable rate mortgage at 3.000% with annual percentage rate of 3.453%. PNC bank is offering its 30-Year refinance mortgage at slightly higher rate and it goes to 4.625% with 4.781% APR. In refinance category, 3.500% rate is fixed for 15-year FRM plan for which the APR comes out to be 3.756%. 10-Year ref loan scheme can be taken at the interest rate of 3.250% and with APR of 3.726%. One of eminent plan of PNC, that is, 20-year refinance fixed rate mortgage is offered at 4.125% and 4.346% APR.

On comparing PNC with the Bank of America and BB&T, it can be seen that for 30-Year loan, the interest rate offered by PNC is pretty much higher than BB&T which is offering 3.750% with APR 3.892 while Bank of America quoting the highest in 30-Year plan with 4.500% interest rate. For 15-Year fixed rate mortgage, BOA quotes 3.750% rates whereas BB&T offers 4.375% interest rates. For 20-Year plan, BB&T is offering a 3.750% rate which is slightly greater than PNC. As far as refinance category is concerned, the rates quoted by BOA and BB&T for 30-Year plan are 4.625% and 3.750% respectively. That is, in this genre, PNC and Bank of America are exactly same. There is pretty much difference between the other rates of these three banks too.

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.