Current Mortgage Rates: Wells Fargo Home Purchase Loans and Refinance Deals Offer Excellent Value
Wells Fargo Bank (NYSE:WFC) today offers some of the lowest mortgage rates as far as home purchase and refinance packages concerned. As KeyBank (NYSE:KEY) and SunTrust (NYSE:STI) dropped their mortgage refinance rates, today Wells Fargo also advertises its packages with lower interest rates in an effort to attract those potential borrowers standing in the sidelines.
Currently the standard 30-year fixed term refinance packages are up for grabs at a rate of 4.000% and resulting an APR variable of 4.180%, while the shorter but also popular 15-year package can be locked in and taken out for 3.375% carrying an APR of 3.691%.
Moving on to the adjustable refinance deals available from Wells Fargo today, the 5-year ARM can be picked up for 2.375% and an APR amounting to 3.199%.
For those who are looking to invest in a new or used home Wells Fargo offers mortgage packages with some favorable conditions. For instance, the 30-year fixed term package is under 4% and now available for 3.875% and an APR of 4.070%. The equally popular 15-year deal on the other hand is offered at a rate of 3.375% and an APR yielding to 3.719%.
Besides Bank of America (NYSE:BAC), Wells Fargo is one of the other major lenders this week, that offers the 30-year fixed term home purchase loan under 4 percent. However, it’s still unknown, whether it will be enough to shake up the struggling housing market, certainly this is the right time to take action if someone is looking for a long term mortgage loan.
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