The benchmark 30 year fixed rate mortgages have been offered at 4.500% at PNC Bank (NYSE:PNC) today carrying an APR of 4.625%. Popular 15 year fixed rate mortgage interest rates at the bank are coming out at 3.375% today yielding an APR of 3.635%.
10 year loans at the bank stand at 3.000% yielding an APR of 3.480%. The best 20 year loan interest rates at the bank are being offered for 4.125% yielding an APR of 4.292%.
Refinance Mortgage Loans
Standard 30 year refinance fixed rate mortgages are being offered for 4.500% at PNC yielding an APR of 4.698% today. The shorter term, popular 15 year refinance loan interest rates are listed at 3.500% and APR of 3.775%. The best 10 year refinance loan interest rates at the bank have been quoted at 3.375% today yielding an APR of 3.772%. 20 year refinance loans are being offered for 4.125% with an APR of 4.391% today.
Mortgage rates usually change because of MBS’s (mortgage backed securities) that track with the stock market. Overall markets lost ground in trading today putting the DOW at 15,337.70.
As expected PNC followed the days DJIA results. Now PNC’s own stock ticker increased to 75.15 up +0.23.