Wells Fargo (NYSE:WFC) is today continuing its seemingly unstoppable lead of the market by offering a range of truly impressive home purchase and refinance mortgage rates for US borrowers. As was the case throughout most of last week, rival lenders including Bank of America (NYSE:BAC) and Chase Bank (NYSE:JPM) are still lagging behind in terms of overall value, making Wells Fargo the lender of choice for those looking for an affordable home purchase or refinance this Monday.
Home purchase mortgage rates first and this Monday sees the Wells Fargo 30 year fixed rate loan on the books for a low 3.250% and APR of 3.577%, while the 15 year variant remains excellent value for money once again at 2.375% and APR of 2.856%.
For those opting for the FHA 30 year fixed rate loan, the interest rate today is coming out at 3.000% and the APR 3.657%.
If looking to make a purchase with an adjustable rate loan from Wells Fargo, the standard 5/1 ARM is available at a daily low of 2.000% to start and APR of 3.041% variable, while the FHA 5/1 ARM can be taken hoe starting from 2.250% and with an APR of 2.579% variable.
Moving on to home refinance mortgage rates now and Wells Fargo sets a high standard with the 30 year fixed rate loan now at 3.625% and APR of 3.991%, while those opting for the 15 year variant can expect to pay 2.750% in interest and an APR amounting to 3.259%.
FHA 30 year fixed rate refinance loans are on the cards for 3.250% and APR of 3.930%.
By way of adjustable rate home refinance loans, the Wells Fargo 5/1 ARM is being offered for 2.625% to begin and APR of 3.288% variable, while the FHA 5/1 ARM remains a superb choice at 2.375% to start and APR of 2.632% variable.