Wells Fargo (NYSE:WFC) may not be the market-leader today in terms of refinance mortgage rates, but for those on the lookout for a low-cost home purchase package there are simply no other major lenders that come close. Wells Fargo has proved to be the authority on affordable home purchase packages over recent weeks and it appears as though their position at the top of the table is once again safe.
Starting with those exceptional home purchase mortgage rates, Wells Fargo is today offering the standard 30 year fixed rate home loan for as little as 3.250% and with an APR of 3.577%, while those looking to clear their balances in 15 years will be able to do so with an interest rate of 2.375% and an APR of 2.856%.
The FHA 30 year fixed rate home purchase loan from Wells Fargo is today asking 3.000% and APR of 3.657%.
By way of adjustable rate home purchase packages, Wells Fargo again leads the pack with the 5/1 ARM now on the books for 2.000% to start and APR of 3.041% variable, while the FHA 5/1 ARM represents excellent value at 2.250% to begin and APR of 2.579% variable.
Moving on to home refinance mortgage rates now and the Wells Fargo 30 year fixed rate deal starts from a low 3.625% and APR of 3.991%, while the alternative of the 15 year version can be taken out and locked in for as low as 2.750% and APR of 3.259%.
Those siding with the 30 year fixed rate FHA refinance loan can expect to pay 3.250% in interest and an APR of 3.930%.
Adjustable refinance mortgage rates of particularly worthy mention today include the 5/1 ARM which opens at 2.500% and carries an APR of 3.244% variable, which is joined by the FHA 5/1 ARM now starting from 2.375% and carrying an APR of 2.632% variable.