Mortgage rates are holding steady at major U.S. lender, Wells Fargo (NYSE:WFC) on Tuesday, April 15. Following the increase in interest rate on the 15-year refinance loan on Monday, this type of loan retained its rate level at 3.625%. Another home refinance loan, which has a stable interest rate today is the 30-year FRM. According to the lender’s mortgage information, the aformentioned loan is published at a rate of 4.375%.
Moving away from fixed conventional refinance loans, the non-conventional 30-year FHA mortgage loan is listed at rate of 4.250%. Additional refinancing options include the 5-year ARM, which is available at a rate of 3.250%. Borrowers, who prefer the 5-year ARM FHA loan, may be able to lock it at 3.250%. The lender updated the mortgage information for its home purchase loans as well. 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 mortgage, may find some suitable loans at this lender.
Wells Fargo Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.500%, 4.516% APR
30-Year Fixed FHA Mortgage: 4.250%, 5.252% APR
15-Year Fixed-Rate Mortgage: 3.625%, 3.707% APR
5-Year Adjustable Rate Mortgage (ARM): 3.375%, 3.031% APR
5-Year ARM FHA: 3.125%, 3.408% 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: 4.375%, 4.460% APR
30-Year Fixed FHA Mortgage: 4.250%, 5.837% APR
15-Year Fixed-Rate Mortgage: 3.625%, 3.772% APR
5-Year Adjustable Rate Mortgage (ARM): 3.250%, 3.001% 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 bank’s website.c