The benchmark 30 year fixed rate loans have been quoted at 4.000% at Wells Fargo (NYSE:WFC) today carrying an APR of 4.050%. The FHA version of the 30 year loans are being offered for 5.125% and APR of 6.176%. Popular 15 year loan deals stand at 4.000% today and an APR of 4.295%.
5 year ARM loans have been published at 3.500% at Wells Fargo with an APR of 3.588%. As far as FHA ARMs go, 5 year interest rates start at 3.875% with a starting APR of 4.067%.
Refinancing Your Home
The best 30 year refinance FRMs have been offered at 4.000% at Wells Fargo yielding an APR of 4.050%. 30 year refinance FHA loan interest rates have been published at 5.125% today with an APR of 6.176%. The jumbo version of the 30 year refinance loans have been offered at 3.875% at the bank carrying an APR of 3.977%.
Large (in eligible areas) 30 year FHA refinance loan deals are published at 4.125% and an APR of 4.132%.
Shorter term, popular 15 year refi loan deals have been offered at 4.000% at the bank and APR of 4.067%. In the refi FHA ARM arena, 5 year deals stand at 3.875% with an APR of 4.067%. 7/1 Adjustable Rate Mortgages have been published at 3.500% and an APR of 3.588%.
Related to the market discussion, this particular bank’s stock moved higher to 54.54 up +0.48.