Mortgage Rates Today: Record Lows in Sight at PNC Bank
While the vast majority of analysts and casual observers alike had well and truly predicted an end to the low run of mortgage rates long before now, talk of the town is once again the possibility of new record lows on the horizon. Indeed, given the rates at PNC Bank (NYSE:PNC) today along with the reductions noted over the past week, there really is no reason why this might not become a reality in the very near future.
First looking at some of the most attractive home purchase deals, PNC is today offering the standard 30 year fixed rate mortgage fox 3.875% and an APR of 4.024%, while those looking for the 15 year term will find it now at 3.250% and APR of 3.343%.
Shorter 10 year terms are being offered for a fixed rate of 3.250% and APR of 3.149%, while the increasingly revered 20 year option can be taken out for 3.750% and APR amounting to 3.855%.
Refinance deals are also a veritable Goldmine of opportunity at PNC Bank, with options including the 30 year fixed rate loan at a rate of 4.500% and APR of 4.503%, while the 15 year refinance loan today carries interest of 3.750% and yields an APR of 3.768%.
As can clearly be seen, the record lows recently confined to the history books are in some cases very much back in sight, setting the scene for yet another incredibly promising, if rather unpredictable week to say the very least.
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