Friday Morning Mortgage Rates: Wells Fargo Refinances Lower Once Again
There has truly never been a better period during which current mortgage payers could save thousands on their current terms with a valuable refinance deal, as Wells Fargo (NYSE:WFC) and many other major US lenders continue to defy the odds decreasing their attached interest rates almost by the day.
In the case of some of the very best packages being offered this Friday morning by Wells Fargo, the standard 30 year fixed rate refinance loan is at 4.250% and APR of 4.639%, while 15 year fixed loans can see balances cleared for 3.375% and APR of 3.893%.
In the case of adjustable rate refinance packages, there is also some excellent value to be found, such as that of the 5/1 ARM which today carries a starting rate of 2.750% and APR of x3.417% variable, while the FHA 5/1 ARM for refinances is at 3.000% to begin and an APR of 2.812% variable.
Needless to say, with tens of thousands of mortgages being paid at near double some of the above rates, the potential for savings is not only there, but could prove quite massively lucrative to say the very least.
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