Saturday Mortgages Rates: Refinance Deals a Potential Goldmine at Wells Fargo
When looking at the millions of mortgages currently being paid across the US at rates of around 6% and even higher, it quickly becomes clear exactly how valuable the refinance deals being offered today by Wells Fargo (NYSE:WFC) could be. As it stands, there is still every opportunity for borrowers to lock in an excellent deal and perhaps save a small fortune on their outstanding balances.
First looking at some of the very best fixed rate deals this morning, the standard 30 year fixed rate term now carries an interest rate of 4.250% and APR of 4.639%, while the popular 15 year term on the other hand can be locked in for 3.375% and an APR of 3.893%.
Of course, adjustable rate deals are also making a splash today to say the very least and include standard 5/1 ARM at a starting rate of 2.750% and APR of 3.417% variable, while the FHA 5/1 ARM for refinance deals is now starting at 3.000% and APR of 2.812% variable.
Needless to say, the weekend one again appears to be one offering excellent potential for savings all around, though whether or not this will act ad sufficient enough incentive to see a spark in new application activity very much remains to be seen.
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