The best 30 year FRMs at PNC Bank (NYSE:PNC) are on the books at 4.500% yielding an APR of 4.625% today. The shorter term, popular 15 year fixed rate mortgages can be had for 3.375% at the bank yielding an APR of 3.635%.
10 year loan interest rates have been listed at 3.000% carrying an APR of 3.480%. The best 20 year fixed rate mortgages are 4.125% today yielding an APR of 4.292%.
Current Refinance Mortgage Rates
The best 30 year refinance loan deals can be had for 4.500% at PNC Bank carrying an APR of 4.698%. Shorter term, popular 15 year refi FRMs are 3.500% at the bank and an APR of 3.775% today. 10 year refinance FRM interest rates can be had for 3.375% and APR of 3.772%. The best 20 year refinance loan interest rates have been listed at 4.125% with an APR of 4.391% today.
How are the mortgage rates connected to the stock market?
Rates are sometimes steered by MBS’s which move in concert with the stock market. The stock market declined by market close to leave the DJIA at 15,337.70 a decrease of -113.35.
Interest rates at PNC Bank did not move in the same direction as the trading pattern of the day. More specifically, PNC Bank’s stock price increased to 75.15 up +0.31%.