At California-based top mortgage lender, Wells Fargo (NYSE:WFC) mortgage rates haven’t seen any changes in the second half of the week, Borrowers, who are looking to obtain a favorable home refinance loan from this financial institution, will see Wells Fargo’s 30-year fixed mortgage carrying 4.500% interest cost this weekend. In case of the popular, 15-year fixed rate mortgage, the current interest rate on this loan package hovers at 3.750%.
Individuals, who are not eligible for conventional loans, may want to consider the current government loans options, like FHA and VA mortgages. Presently, the 30-year fixed FHA mortgage is up for grabs at an interest cost equivalent to 4.250%. With regards to adjustable rate mortgages (ARMs), the 5/1 ARM can be secured at a rate of 3.375%. Wells Fargo’s 5-year ARM FHA could be a suitable option for some mortgage shoppers, as it bears an interest rate of 3.250%. For further information on Wells Fargo’s current refinance rates, as well as details on the updated home loan rates, 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 mortgage solutions at this bank.
Wells Fargo Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.500%, 4.548% APR
30-Year Fixed FHA Mortgage: 4.250%, 5.254% APR
15-Year Fixed-Rate Mortgage: 3.750%, 3.814% 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 take a visit to the bank’s website.