FHA Mortgage Rates and Conventional Loans: Wells Fargo Mortgage Interest Rates for January 13

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FHA Mortgage Rates and Conventional Loans: Wells Fargo Mortgage Interest Rates for January 13Under San Francisco-headquartered lender, Wells Fargo’s (NYSE:WFC) refinance loan program, the 15-year fixed mortgage is advertised at 3.625%, a lower rate compared to the previous 3.750%. Other than that, we haven’t observed many changes in mortgage interest rates at this lender. Wells Fargo advertises the long-term, 30-year fixed loan package, for refinancing purposes, at a rate of 4.500%. Also, the 30-year fixed FHA-backed mortgage loan retained its rate level, as it’s coming out at 4.250%. In case of ARM loans, the 7-year adjustable rate mortgage can be secured at a rate of 3.375%. Looking at Wells Fargo’s 5/1 ARM, qualified borrowers may be able to obtain it at a rate of 3.250%. Detailed information on Wells Fargo’s current refinance mortgage rates as well as home loans can be found 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 ideal loan options at this lender.

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Wells Fargo Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.500%, 4.586% APR
30-Year Fixed FHA Mortgage: 4.250%, 5.389% APR
15-Year Fixed-Rate Mortgage: 3.625%, 3.772% APR
5-Year Adjustable Rate Mortgage (ARM): 3.500%, 3.171% APR
5-Year ARM FHA: 3.000%, 3.509% 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: 3.625%, 3.772% APR
5-Year Adjustable Rate Mortgage (ARM): 3.375%, 3.127% 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 interest rates, as well as details on loan assumptions and borrowing terms and conditions, please check the financial institution’s website.