Mortgage rates at Wells Fargo (NYSE:WFC) have for the most part remained solid over the course of the weekend, with only minor fluctuations creeping in to the equation today. Once again however, Wells Fargo is the clear market-leader in terms of low-cost home purchase and refinance packages the likes of which have the potential to save US borrowers huge sums of money over the long term.
Starting with home purchase mortgage rates this Monday morning and Wells Fargo is offering the benchmark 30 year fixed rate deal for as little as 3.250% and with an APR of 3.577%, while the shorter 15 year variant can be taken out and locked in for a very reasonable 2.375% and APR of 2.856%.
The FHA 30 year fixed rate loan remains at the same 3.250% and APR of 3.930%.
For those looking to invest with an adjustable rate home purchase loan, the Wells Fargo 5/1 ARM is today starting from 1.875% and carrying an APR of 2.998% variable, while the FHA 5/1 ARM can be taken out from as little as 2.250% to start and with an APR of 2.663% variable.
Moving on to home refinance mortgage rates now and the Wells Fargo 30 year fixed rate loan remains one of the best at 3.625% and APR of 3.991%, while the 15 year variant can be taken out and locked in from just 2.750% and APR of 3.259%.
FHA 30 year fixed rate loans are being offered for as low as 3.250% and APR of 3.930%.
For those looking to refinance with an adjustable rate mortgage today, the Wells Fargo 5/1 ARM is on the books for 2.500% to start and APR of 3.244% variable, while the FHA 5/1 ARM represents excellent value for money at 2.250% to start and APR of 2.663% variable.
