At California-headquartered lender, Wells Fargo (NYSE:WFC), mortgage interest rates look mixed today, following some adjustments in rate levels. Looking at current refinance rates, the 30-year fixed mortgage is listed at a rate of 4.500%, unchanged since Thursday. The 15-year fixed refinance mortgage is holding firm this weekend, as the interest rate stands at 3.750%. Borrowers, who prefer FHA-insured loan packages, will see the 30-year FHA mortgage coming out at a rate of 4.250% at this lender. The 5-year ARM looks a bit less attractive, as the interest rate edged up to 3.375% from the previous 3.250%. The same can be said about the 5-year ARM FHA loan, which is published at a rate of 3.250%. The bank also updated the mortgage rates on its home loan packages. For details on them, please check the data below.
Wells Fargo offers excellent mortgage interest rates under both its home purchase and refinance programs, so those potential borrowers who are looking to invest either in a new / used home or to refinance an existing loan, may find some ideal mortgages at this bank.
Wells Fargo Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.500%, 4.569% APR
30-Year Fixed FHA Mortgage: 4.250%, 5.266% APR
15-Year Fixed-Rate Mortgage: 3.750%, 3.832% APR
5-Year Adjustable Rate Mortgage (ARM): 3.500%, 3.065% APR
5-Year ARM FHA: 3.250%, 3.410% APR
The rate information provided assumes the purpose of the mortgage loan is to purchase a property, an existing single family home to be used as a primary residence with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in New Haven, Connecticut. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.
Wells Fargo Refinance Rates
30-Year Fixed-Rate Mortgage: 4.500%, 4.586% APR
30-Year Fixed FHA Mortgage: 4.250%, 5.837% APR
15-Year Fixed-Rate Mortgage: 3.750%, 3.898% APR
5-Year Adjustable Rate Mortgage (ARM): 3.375%, 3.045% APR
5-Year ARM FHA: 3.250%, 3.968% APR
Please, bear in mind, that the present mortgage interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.
For more information on Wells Fargo’s home purchase and refinance mortgage interest rates, as well as details on loan assumptions and borrowing terms and conditions, please see the financial institution’s website.