PNC Bank Mortgage Rates Showing Further Declines Despite Predictions to the Contrary
Mortgage rates across the US have once again defied all odds and made a steady crawl back toward some of the lowest seen in a generation. As such, PNC Bank (NYSE:PNC) and many other major names across the US are today offering some deals of extraordinary value, with the potential to save many millions f current mortgage payers a small fortune on their outstanding balances.
First looking at some of the very best examples of home purchase loans available from PNC today, the standard 30 year fixed rate term can be taken out and locked in for 3.750% and an APR figure of 3.887%, while the equally popular 15 year term is now at 3.250% and APR of 3.271%. The shorter 10 year term can be taken out with a rate of 3.250% and APR of 2.993%, while those looking to settle their balances over 20 years can do so for 3.750% and APR of 3.877%.
In the case of the refinance deals being offered by PNC Bank this morning, the hugely popular 30 year fixed term contract is at a rate of 4.375% and APR of 4.346%, while the 15 year deal can see balances cleared for 3.625% and APR of 3.624%.
Needless to say, there is of course no reason to suggest why mortgage rates will not continue to decrease once again over the near future, though with no telling exactly when marked rises will begin to creep into the equation, there make be little gain with any further procrastination by potential borrowers.
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