Mortgage Interest Rates Edge Up at Wells Fargo

Mortgage Interest Rates Edge Up at Wells Fargo

Mondays improvements in mortgage rates were lost yesterday when the stock market had a big rally.

The best 30 year loan deals are being offered for 3.625% at Wells Fargo (NYSE:WFC) and APR of 3.963% today.  The best 30 year FHA FRMs are 3.375% yielding a bit higher APR than the conventional loan of 4.060%.  Shorter term, popular 15 year fixed rate loans have been published at 2.750% and APR of 3.239% today.

The 5/1 ARM interest rates start at 2.125% at Wells and an APR of 3.004%.  The 5/1 FHA ARMS are published at 2.250%  and an APR of 2.579%.

30 year refinance FRMs start at 3.750% at Wells and an APR of 3.925%.  The lower FHA 30 year refinance loan interest rates are being quoted at 3.625% today and an APR of 4.686%.  The higher interest jumbo 30 year refinance loan interest rates start at 4.125% at the bank and APR of 4.256%.

Large (in eligible areas) 30 year refinance fixed rate mortgages have been published at 3.875%  with an APR of 4.004%.

Large (in eligible areas) 30 year FHA refinance loans have been quoted at 3.750%  yielding an APR of 4.775%.

The short term 15 year refi loan interest rates at the bank are 2.875% and an APR of 3.182% today.  The 5/1 ARM loans have been listed at 2.375% at Wells. showing an APR of 2.951%.  The 5 year refi FHA ARM deals  are being offered for 2.250% with an APR of 2.900%.  Refi Jumbo ARM loans in the 5 year category  can be had for 2.625% with an APR of 2.993%.  Large 30 year refinance ARM loan interest rates are being offered for 2.625%  yielding an APR of 2.993%.


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