Mortgage Rates for Tuesday: PNC Bank Once Again Stacking Up Incredible Home Purchase and Refinance Packages
As has come to be the way of things lately, PNC Bank (NYSE:PNC) is today contradicting all reasonable predictions by continuing the staggering run of incredibly low mortgage rates, as is the same across most major US lenders across the board. As economic concerns continue to plague Europe and worry investors the world over, mortgage rates seem to be heading nowhere other than down and are already tantalizingly close to record lows once again.
With regard to the veritable catalogue of home purchase loans being offered by PNC today, particularly notable examples include the 30 year fixed rate deal now at 3.875% and APR of 4.035%, while the equally popular 15 year fixed rate loan is now at 3.250% and APR of 3.280%.
20 year fixed rate mortgages are also available for home purchase at a rate of 3.750% and APR of 3.884%, while 10 year deals can be locked in for 3.250% and APR of 3.280%.
Refinance deals are also presenting a veritable Goldmine of opportunities for millions currently locked into higher rate mortgages, with the 30 year deal now up for grabs at 4.500% and APR of 4.513%, while the 15 year fixed rate refinance mortgage is today at 3.875% and APR of 3.913%.
As can clearly be seen, there is still ample opportunity to lock in an incredible deal at some of the lowest rates seen in a generation, though whether the above rates motivate enough interest to spur significant movement in the struggling housing market very much remains to be seen.
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