Wells Fargo (NYSE:WFC) has officially chalked up another week right at the top of the lending ladder across the US, having offered consistently the lowest home purchase and refinance packages to be found throughout the week as a w hole. Once again, this looking to continue into and perhaps beyond the weekend, though consumers still waiting to lock in their ideally suited package are being advised to make their move as soon as possible to avoid any chances of upticks in the near future.
Home purchase mortgage rates first and today sees the Wells Fargo 30 year fixed rate loan coming out on top at 3.250% and APR of 3.577%, while those opting for the shorter 15 year term can expect to pay 2.375% in interest and an APR of 2.856%.
For home buyers looking to make a purchase today with an adjustable rate loan from Wells Fargo, the standard 5/1 ARM is being advertised with an interest rate of 1.875% to start and an APR of 2.998% variable, while the alternative of the FHA 5/1 ARM can be taken out starting from a low 2.250% and carrying an APR of 2.663% variable.
Moving on to the bets refinance mortgage rates of the day now and Wells Fargo gets off to a strong start with the 30 year fixed rate loan now asking 3.625% and APR of 3.991%, while the shorter 15 year deal can see balances cleared for an impressive 2.750% and APR of 3.259%.
The same can also be said for the key adjustable rate refinance deals on the cards from Wells Fargo today, which include the standard 5/1 ARM which has an opening rate of 2.625% and an APR amounting to 3.288% variable, while the FHA version of the 5/1 ARM can be taken home starting from 2.250% and carrying an APR of just 2.663% variable.