With each and every day that passes, analysts and advisors across the board are reminding would-be borrowers of the potential risk involved with procrastinating borrowing decisions in light of the current run of incredibly low mortgage rates. However, for today at least, customers choosing PNC Bank (NYSE:PNC) for a home purchase or refinance mortgage have every opportunity to lock in rates almost unseen in a generation, which have edged ever closer to the all-time lows seen earlier this October.
In the case of the very best new and used home purchase packages being offered by PNC Bank today, the standard 30 year fixed rate deal can be locked in for as low as 3.875% and an APR amounting to 4.003%, while the shorter 15 year purchase deal on the other hand is at 3.250% and APR of 3.416%.
Those looking to clear their balances over 20 years can do so with a fixed loan rate of 3.750% and APR of 3.855%, while the 10 year purchase loan on the other hand can be taken on for 3.250% and APR of 3.254%.
Moving now on to some of the better refinance deals from PNC today, the 30 year fixed rate loan package is offering huge savings at 4.500% and APR of 4.556%, while 15 year loans can see balances cleared at a fixed rate of 3.875% and an APR amounting to 3.987%.
Needless to say, there is every chance that the rates could continue to tumble as the week moves on, but with no guarantees that this will be the case, borrowers are being advised to consider locking in their ideal package right now and avoid missing out once and for all.