Current Mortgage Rates: Wells Fargo 30-Year FHA Refinance Rates and Conventional Loans for October 12

0
105

Current Mortgage Rates: Wells Fargo 30-Year FHA Refinance Rates and Conventional Loans for October 12Wells Fargo (NYSE:WFC), which is one of the biggest lenders in North America, updated its mortgage information for Sunday, October 12. For details on the San Francisco, CA-headquartered bank’s updated mortgage interest rates and annual percentage rates (APRs), please check the data below.

The San Francisco-based bank provides attractive mortgage rates under both its home purchase and refinance loan programs, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some ideal loan options at this lender.

► Compare Today’s Mortgage Rates and Find The Best Loans

Wells Fargo Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.125%, 4.209% APR
30-Year Fixed FHA Mortgage: 3.875%, 5.456% APR
15-Year Fixed-Rate Mortgage: 3.500%, 3.647% APR
7-Year Adjustable Rate Mortgage (ARM): 3.250%, 3.058% APR
5-Year ARM FHA: 3.250%, 3.968% 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: 4.250%, 4.319% APR
30-Year Fixed FHA Mortgage: 4.000%, 5.093% APR
15-Year Fixed-Rate Mortgage: 3.500%, 3.638% APR
5-Year Adjustable Rate Mortgage (ARM): 3.375%, 3.042% APR
5-Year ARM FHA: 3.250%, 3.467% 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 details on the latest home purchase and refinance mortgage interest rates at Wells Fargo, as well as information on borrowing terms and conditions and loan assumptions, please check the lender’s website.