Mortgage Rates Tied at Wells Fargo and US Bank Today

Mortgage Rates Tied at Wells Fargo and US BankMortgage rates at US Bank (NYSE:USB) and Wells Fargo (NYSE:WFC) today are really too close to call, as both continue to offer near identical value for money right at the top of the nation’s lending ladder.

US Bank

30 year fixed rate loans at US Bankcorp (NYSE:USB) have been listed at 3.250% with an APR of 3.472%.  30 year FHA FRM interest rates are being quoted at 3.250% and an APR of 3.791%.  30 year jumbo fixed rate loan interest rates are on the books at 3.375% and an APR of 3.598% which is of course a bit higher than the non-jumbo loans.

30 year VA fixed rate loans are being quoted at 3.500% and an APR of 3.826%.

The shorter term 15 year fixed rate mortgage interest rates at the bank stand at 2.500% carrying an APR of 2.839% today.

15 year FHA FRM interest rates are on the books at 2.750% yielding an APR of 3.433% today.  15 year Jumbo loans have been published at 2.375% and APR of 2.767% today.  The VA 15 year interest rates start at 2.875% carrying an APR of 3.450%.

ARM loans in the 3 year category start at 2.750% today with an APR of 3.567%.  5 year Adjustable Rate Mortgages have been offered at 2.625% at US Bank and APR of 3.411%.

Wells Fargo

The benchmark 30 year fixed rate mortgage interest rates at Wells Fargo (NYSE:WFC) are coming out at 3.250% yielding an APR of 3.577%.  The FHA options for the 30 year mortgages are listed at 3.125% with a rather higher APR of 3.793%.  Shorter term 15 year FRMs are available starting at 2.375% today yielding an APR of 2.856%.

5 year ARMs at Wells Fargo are coming out at 1.875% yielding an APR of 2.998% at present.  In the FHA ARM arena, 5 year interest rates are being offered for 2.250% and an APR of 2.579%.

The benchmark 30 year refinance loan deals are being offered for 3.500% at Wells Fargo today with an APR of 3.673%.  The lower FHA 30 year refinance loan interest rates are published at 3.250% at the bank carrying an APR of 4.274% today.  30 year refinance jumbo loan interest rates have been listed at 3.625% and APR of 3.753% today.

Large (in eligible areas) 30 year refinance loans can be had for 3.625% and APR of 3.753%.

Large (in eligible areas) 30 year FHA refinance FRMs are on the books at 3.500% and an APR of 4.499%.

The short term, popular 15 year refinance FRMs are on the books at 2.750% with an APR of 3.056%.  The 5/1 ARM deals are 2.250% at Wells Fargo. with an APR of 2.990%.  In the refi FHA ARM arena, 5 year deals can be had for 2.250% and the APR is 2.900%.

As far as refi Jumbo ARMs go, 5 year loans can be had for 2.625% with an APR of 3.075%.  Large 30 year refinance ARM loans have been offered at 2.500% and APR of 3.032%.


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