Mortgage Rates for Wednesday: Refinance Deals at Wells Fargo Among Today’s Best
Had the predictions of the most highly perceptive analysts and observers come true then this week could never have possibly been, which once again sees Wells Fargo (NYSE:WFC) and many others across the board continuing a run of some of the strongest mortgage rates in history, after they had been predicted from all sides as likely to come to an end. As it stands, those who choose to invest in a valuable refinance package from Wells Fargo this week have every potential to save thousands on their current annual commitments and a small fortune on their overall terms.
First looking at some of the better fixed rate deals being offered today, the standard 30 year refinance package can be locked in for an attractive rate of 4.250% and an APR amounting to 4.639%, while the shorter 15 year fixed rate refinance is being advertised for 3.375% and APR of 3.893%.
30 year FHA loans for refinance purposes are also hugely attractive at a rate of 3.875% and APR of 4.510%.
For those preferring to take their chances on the adjustable rate deals on offer, an incredible value 5/1 ARM is today being advertised with a starting rate of 2.750% and an APR of 3.417% variable, while the FHA 5/1 refinance ARM now begins at 3.000% and APR of 2.812% variable.
Needless to say, when compared to the countless millions of higher rate mortgages being paid across the US, the above rates add up to some potential savings of truly enormous amounts, for those willing to make the switch while to so-called getting is indeed so good.
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