The benchmark 30 year FRMs are coming out at 4.375% at PNC Bank (NYSE:PNC) today and an APR of 4.531%. Shorter term 15 year fixed rate loans at the bank are on the books at 3.375% yielding an APR of 3.598%.
10 year FRM interest rates have been listed at 3.000% yielding an APR of 3.399%. The best 20 year fixed rate mortgages have been quoted at 4.000% at the bank yielding an APR of 4.210%.
Today’s Refinance Rates
The benchmark 30 year refinance fixed rate loan interest rates at PNC have been published at 4.500% with an APR of 4.654%. The short term 15 year refi fixed rate loans are available starting at 3.500% carrying an APR of 3.738%. The best 10 year refinance fixed rate loans at the bank are 3.125% today carrying an APR of 3.599%. 20 year refinance fixed rate loans at the bank are on the books at 4.125% and APR of 4.317% today.
Stock Market Update
Published mortgage rates usually rise and fall because of mortgage backed securities that go up and down with the stock market. Financial markets lost ground by close of day today leaving the DJIA at 15,337.70 a decrease of -113.35.
Today’s rates at PNC were in synch with the stock traders. Closer to home, the banks stock price increased to 75.15 up +0.31%.