Wells Fargo (NYSE:WFC) it seems is the one lender not to change its interest rates on home purchase and refinance loan deals this week, with a 30-year fixed refinance loan still advertised at a rate of 3.500%. A FHA version of the fixed package is on the books at 3.250%.
Shorter-term fixed loans, in the 15-year FRM category start out at 2.625%.
Wells Fargo Home Purchase Interest Rates Today
A 30-Year Fixed-Rate Mortgage comes in at 3.375% with an APR of 3.537%
A 30-Year Fixed FHA Mortgage is offered for3.250% with an APR of 3.681%
A 15-Year Fixed-Rate Mortgage is on the books for 2.500%, APR of 2.787%
A 5-Year Adjustable Rate Mortgage (ARM) shows at 2.000%, APR of 2.814%
A 5-Year ARM FHA stands at 2.250% with an APR of 2.368%
Wells Fargo Refinance Rates
A 30-Year Fixed-Rate Mortgage is on the books at 3.500%, the APR being 3.663%
A 30-Year Fixed FHA Mortgage is offered at 3.250% with an APR of 4.324%
A 15-Year Fixed-Rate Mortgage comes in at 2.625% with an APR of 2.913%
A 5-Year Adjustable Rate Mortgage (ARM) shows at 2.125% the APR is 2.857%
A 5-Year ARM FHA is being offered for 2.250% with an APR of 2.942%
Of course, borrowers need to bear in mind that current mortgage interest rates can vary without prior notice. Annual percentage rates (APR) are based on origination fees, average loan fees, discounts points and closing costs.