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%.