Mortgage Rates Midweek: Refinance Goldmine Continues at Wells Fargo
The recent period has seen Wells Fargo (NYSE:WFC) offering potential annual savings of thousands of dollars to huge numbers of current mortgage payers, by way of an endless rally of low-cost high-quality refinance loans to cover all possible bases. This Thursday would appear to be no exception to the rule at all, with many of the most popular packages once again presenting goldmines of opportunity for those looking to save a small fortune on their current terms.
In the case of the most popular packages being offered by Wells Fargo this Thursday morning, the standard 30 year fixed rate refinance loan can be taken out for 4.250% and APR of 4.639%, while 15 year loans for refinance can see balances cleared for an impressive 3.375% and APR amounting to 3.893%.
For those interested in the FHA 30 year fixed rate refinance loan, Wells Fargo is today offering the package for 3.875% and APR of 4.510%.
Adjustable rate terms are of course far from excluded from the run of value, with the likes of the 5/1 ARM being offered today for 2.750% to begin and an APR of 3.417% variable, while the popular FHA 5/1 ARM is now at an attractive starting rate of 3.250% and APR of 2.934% variable.
It would be pretty much impossible for any current mortgage payer to lose out by choosing any of the above refinance deals and reveling in the savings, though exactly how much longer the run can possibly go on for very much remains to be seen.
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