Mortgage Rates Today: PNC Bank October 2, 2013

Mortgage Rates Today PNC Bank October 2 2013PNC Bank has published their rates for today, October 2, 2013 with rates based on loans secured by property in the city of Chicago, IL. The bank has an interactive rate calculator and the following figures have been calculated given a purchase and refinance amount of $200,000 for a one unit single family dwelling.

The Fixed Rate Mortgage on a 30 year term was published today with a varying rate of 4.250% – 4.625% and a corresponding APR of 4.366% – 4.551%.

As will be the case for both fixed rate mortgage rates and refinance rates, your actual mortgage interest rate will depend on factors such as, your financial situation, property type, the marker and several other factors. You can access further information which has been made available on PNC’s website.

For the lower 20 year fixed rate term, the margin is between 4.000% – 4.250% today, while the APR stands at 4.114% – 4.177%.

The more popular 15 year fixed rate from PNC is listed today at 3.250% – 3.500% with an APR of 3.425% – 3.440%.

We see the 10 year fixed rate mortgage for a $200,000 property stay at a varying rate between 2.875 – 3.375%. In contrast, the 10 year APR is listed at 3.231% – 3.261% today.

Moving on to the refinance rates, we start at the 30 year fixed rate mortgage which is being listed at 4.375% – 4.750% for a $200,000 property. The APR for this term is set at 4.512% – 4.685%.

20 year fixed rate refinance is 4.125 – 4.500%, while the APR is 4.238% – 4.411%. The 15 year refinance rate is 3.375% – 3.750%, while the 10 year rate is 3.125% – 3.500%.

The corresponding APR’s for both 15 and 10 year refinance rates are 3.549% – 3.670%, and 2.400% – 3.435%, respectively.

Borrowers are to be made aware that mortgage rates are subject to changes at any time without notice, until you have locked a loan. PNC also states that some products may not be available in all states, so check with the bank before finalizing any details in your home purchase.

Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.

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About the author

L.J is a contributor covering financial mortgage rates. A freelance writer for various online publications with a great interest in real estate investment.