Closing Week Mortgage Rates: Wells Fargo Purchase Packages Chalk Up Another Stunning Week
Regardless of predictions across the board pointing to slow but consistent hikes in mortgage rates throughout the course of the week, Wells Fargo (NYSE:WFC) is among countless examples today reminding us that even the most educated predictions at the moment can be entirely inaccurate. Rather than rises, the vast majority of rates have remained the same all week long, with some even displaying drops as we move into the weekend.
First looking at the very best home purchase deals of all from Wells Fargo this morning, the standard 30 year fixed rate contract now carries a rate of 4.125% and APR of 4.307%, while the 15 year package is up for grabs at 3.375% and APR of 3.691%.
Those looking for the 30 year fixed rate FHA loan will find the Wells Fargo example on offer today for 3.875% and APR of 4.839%, while 30 year fixed rate Jumbo loans can be taken home for 4.500% and APR of 4.634%.
Moving now on to some of the better adjustable rate deals, the popular 5/1 purchase ARM is now beginning at 2.625% and APR of 3.204% variable, while the FHA 5/1 ARM can be taken out for 3.125% and APR of 3.174% variable.
Indeed, the weekend once again looks to be one of incredible value and savings to be made across the board, though what exactly the coming week holds remains a mystery to say the least.
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