Mortgage Rates Midweek: Wells Fargo Purchase Loans Display Fractional Fluctuations
As is the case across the vast majority of major US lenders today, Wells Fargo (NYSE:WFC) is offering a huge range of home purchase mortgage packages, which are not only in line with national averages, but also in some cases a little down on those of last week. Indeed, the chance is still well and truly around for millions of would be buyers to lock in an excellent deal before the current lows come to an end once and for all.
First looking at some of the very best fixed term deals available today for home purchase, the standard 30 year fixed term agreement can be locked in for 4.125% and an APR figure of 4.307%, while those who prefer the 15 year fixed term will today find it at 3.375% and an APR amounting to 3.691%.
Today’s 30 year Jumbo loan is being offered for a rate of 4.625% and an APR figure of 4.760%, while the 30 year term for larger loan amounts in eligible brings along an interest rate of 4.375% and yields an APR of 4.508%.
In the case of some of the adjustable options this Wednesday morning, the standard 5/1 ARM for purchase offers excellent value with a starting rate of 2.500% and APR of 3.160% variable, while the popular FHA 5/1 ARM is now being advertised as starting at 2.875% and 3.052% APR variable.
As can be seen, regardless of which option is the chosen the value for money all but speaks for itself, with overall current rates remaining lower than any seen for many years and likely will not be repeated for many more.
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