Wells Fargo Holds Home Purchase Mortgage Rates Even Today
Wells Fargo (NYSE:WFC) is among the vast majority of major US banks which have shown very little movement in mortgage rates over the course of the weekend, resulting in excellent packages once again being advertised today.
First looking at the most popular standard deals of all, the typical 30 year fixed rate home purchase mortgage is as of today being offered for 4.250% and an APR of 4.433%, while the always popular 15 year fixed term package can be taken out for 3.500% and a 3.817% APR sum.
30 year fixed loans for larger sums in eligible are being advertised today for 4.375% and an APR amounting to 4.508%, while the 30 year Jumbo mortgage term can be taken out for 4.750% and a resulting APR of 4.886%.
Among the various adjustable terms is the 5 year ARM, which can today be taken out with a starting rate of 2.625% and an APR of 3.122%.
The series of minor increases noted over current days and weeks has been predicted as likely to continue for the near future at least, though with interest from consumers that could be described as dwindling at best, there is little reason to think the increases will have much of an effect.
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