Mortgage Rates Today: Wells Fargo Refinance Deals among Best Today
Homeowners currently locked into high rate mortgages have really never had a better period in which to consider a refinance, with Wells Fargo (NYSE:WFC) and other major lenders offering a range of packages today at levels moving ever-closer to the all-time record lows seen in the first week of October. As of today, those taking the initiative to invest via Wells Fargo today have every opportunity to save thousands of dollars each year and a small fortune on the overall life of their loan balance.
In the case of the very best refinance loans being offered by Wells Fargo today, the standard 30 year fixed rate deal can be taken out and locked in for 4.250% and APR of 4.639%, while the shorter 15 year fixed rate loan on the other hand is now at 3.375% and APR of 3.893%.
Those seeking the FHA 30 year fixed rate loan on the other hand will find the package is now at an attractive 3.875% and APR of 4.510%.
Adjustable rate refinance loans are also following similarly attractive patterns, with the 5/1 ARM being offered at a starting rate of 2.750% and APR of 3.417% variable, while the FHA 5/1 ARM for refinancing now starts at a rate of 3.250% and APR of 2.934% variable.
As can be seen, it really is impossible to lose out at present, regardless of which package is chosen. As such, borrowers looking to make real savings and benefit from some of the highest quality loans in the business are today being reminded to take a good look at their own commitments and consider exactly how much better off they may be following a refinance.
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