With the fiscal cliff avoided for now, mortgage rates and financial markets are sure to go up over the coming days. For those looking to lock in a low rate, there may be little time left, at least for this week.
The best 30 year fixed rate mortgage interest rates have been published at 3.250% at Wells Fargo (NYSE:WFC) carrying an APR of 3.577% today. The best 30 year FHA fixed rate loans are on the books at 3.125% with a bit higher APR of 3.793%. The short term 15 year loan deals have been quoted at 2.500% and APR of 2.982%.
The 5/1 ARM interest rates have been listed at 1.875% at Wells yielding an APR of 2.998% at present. FHA ARM loans in the 5 year category have been listed at 2.250% with a starting APR of 2.579%.
The best 30 year refinance FRMs at Wells are available starting at 3.500% and APR of 3.673%. 30 year refinance FHA loan interest rates are being offered for 3.250% and an APR of 4.274% today. 30 year refinance jumbo fixed rate mortgages at the bank are on the books at 3.750% yielding an APR of 3.878% today.
Large (in eligible areas) 30 year refinance loan interest rates are available starting at 3.625% with an APR of 3.753%.
Large (in eligible areas) 30 year FHA refinance loan interest rates are coming out at 3.250% and APR of 4.224%.
The short term, popular 15 year refi loans at the bank are listed at 2.625% carrying an APR of 2.930% today. In the ARM arena, 5 year refi deals have been published at 2.125% at Wells. showing an APR of 2.947%. In the refi FHA ARM arena, 5 year deals can be had for 2.250% with an APR of 2.900%. In the refi Jumbo ARM arena, 5 year loans are 2.625% with a starting APR of 3.075%. Large 30 year refinance ARM loans are coming out at 2.375% yielding an APR of 2.989%.