Refinance and home purchase mortgage rates are about even across major banks this week. Cost of loans reflected in APR’s do vary.
30 year FRM interest rates at Wells Fargo (NYSE:WFC) are on the books at 3.625% yielding an APR of 3.963% today. The FHA options for the 30 year mortgages stand at 3.375% carrying an APR of 4.060%. The shorter term, popular 15 year loan deals have been offered at 2.750% and an APR of 3.239% today.
5 year Adjustable Rate Mortgages stand at 2.125% at Wells Fargo with an APR of 3.004% to start. As far as FHA ARMs go, 5 year interest rates start at 2.250% yielding an APR of 2.579% to start.
30 year refinance loan interest rates are being quoted at 3.750% at Wells Fargo yielding an APR of 3.925% today. 30 year refinance FHA fixed rate loan interest rates have been listed at 3.625% today yielding an APR of 4.686%. The typically higher interest jumbo 30 year refinance mortgage interest rates are being quoted at 4.125% at the bank today with an APR of 4.256%.
Large (in eligible areas) 30 year refinance fixed rate loan interest rates are 3.750% with an APR of 3.878%.
Large (in eligible areas) 30 year FHA refinance loan deals are coming out at 3.750% carrying an APR of 4.775%.
The short term 15 year refinance fixed rate loan interest rates have been listed at 2.875% today and an APR of 3.182%. As far as ARMs go, 5 year refinance interest rates have been listed at 2.375% at Wells Fargo. with a starting APR of 2.951%. As far as refi FHA ARMs go, 5 year deals are available starting at 2.250% carrying an APR of 2.900%. 5 year refi Jumbo ARM loans have been listed at 2.500% with an APR of 2.950% to start. Large 30 year refinance ARM loan deals are published at 2.625% and APR of 2.993%.