Mortgage Rates Today: Wells Fargo Refinance Rates Gain Further Strength
Al
though, most of the reasonable estimates forecasted that the current run of record low mortgage rates would come to an end weeks before now, the overwhelming majority of US lenders including Wells Fargo Bank (NYSE:WFC) still offer mortgage packages at excellent levels.
Today Wells Fargo offers some very competitive deals for those who look to refinance their existing loans. The 30-year fixed term loans are up for grabs today for 4.000% and an APR amounting to 4.180%. The shorter, but equally popular 15-year package begins at a rate of 3.375% and carries an APR of 3.691%.
As far as adjustable rate mortgages are concerned, the 5/1 ARM is available at a record low rate of 2.375% and an APR yielding to 3.199%. In case someone is looking for the 5-year FHA option, it’s now being offered by Wells Fargo for 2.875% and an APR variable of 3.052%
Moving towards Jumbo loans, today the 30-year fixed package can be locked in and taken out for as low as 4.250% carrying an APR of 4.382%. On the other hand, Wells Fargo offers the 5-year Jumbo ARM at a rate of 2.500% with an APR of 3.195%.
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