Low Home Purchase Mortgage Rates Tied at Wells Fargo, US Bank

Low Home Purchase Mortgage Rates Tied at Wells Fargo, US BankA week of ups and downs has led to Wells Fargo (NYSE:WFC) and US Bank (NYSE:USB) entering Sunday with largely identical home purchase mortgage rates, with neither having a significant upper-hand.

US Bank

The best 30 year fixed rate mortgage interest rates at US Bankcorp (NYSE:USB) have been quoted at 3.250% yielding an APR of 3.441%.  30 year FHA FRMs are 3.250% at the bank and an APR of 3.791%.  The higher interest jumbo 30 year loans have been offered at 3.750% with an APR of 3.894%.

VA 30 year mortgage interest rates are on the books at 3.500% and APR of 3.826%.

Popular 15 year loan interest rates are coming out at 2.500% at the bank today yielding an APR of 2.803%.

The FHA 15 year mortgage interest rates have been offered at 2.750% yielding an APR of 3.433% today.  15 year Jumbo FRMs are being offered for 2.750% today and an APR of 3.000%.  15 year VA loan interest rates are published at 2.750% and an APR of 3.323%.  10 year loans at the bank can be had for 2.375% today with an APR of 2.920%.

3 year ARM interest rates have been published at 3.375% today and APR of 3.628%.  In the ARM arena, 5 year interest rates are coming out at 2.875% at US Bankcorp and an APR of 3.420%. ARMs and their APRs change as interest rates move up and down.

Wells Fargo

The best 30 year loan interest rates at Wells Fargo (NYSE:WFC) are published at 3.250% and an APR of 3.577%.  The FHA 30 year loans start at 3.000% with a bit higher APR of 3.657%.  Shorter term 15 year fixed rate mortgages are published at 2.375% at the bank today and an APR of 2.856%.

ARM interest rates in the 5 year category are published at 1.875% at Wells with a starting APR of 2.998%.  FHA ARMs in the 5 year category have been offered at 2.250% and an APR of 2.579%.

The best 30 year refinance fixed rate loans have been listed at 3.375% at Wells and APR of 3.546% today.  The best 30 year refinance FHA FRMs at the bank have been offered at 3.250% and APR of 4.274% today.  The best 30 year refinance jumbo loans are coming out at 3.625% today with an APR of 3.753%.

Large (in eligible areas) 30 year refinance fixed rate loan interest rates start at 3.500% and an APR of 3.627%.

Large (in eligible areas) 30 year FHA refinance fixed rate loan interest rates have been quoted at 3.250% and an APR of 4.224%.

The shorter term, popular 15 year refinance FRM interest rates at the bank are listed at 2.625% carrying an APR of 2.930% today.  The 5 year refi Adjustable Rate Mortgages at Wells Fargo are 2.125% and an APR of 2.947%.  As far as refi FHA ARMs go, 5 year loans stand at 2.250% yielding an APR of 2.900%.

The 5/1 refi Jumbo Adjustable Rate Mortgage interest rates are coming out at 2.250% with a starting APR of 2.947%.  Large 30 year refinance ARMs can be had for 2.375% yielding an APR of 2.989%.


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