The benchmark 30 year fixed rate mortgages are available starting at 4.000% at Wells Fargo (NYSE:WFC) and an APR of 4.050% today. The lower FHA 30 year loans are being offered for 5.125% and APR of 6.176%. Popular 15 year fixed rate mortgages can be had for 4.000% at the bank yielding an APR of 4.295%.
ARM loans in the 5 year category are being offered for 3.500% at Wells with a starting APR of 3.588%. The 5/1 Adjustable Rate Mortgages stand at 3.875% with an APR of 4.067% to start.
How much is it to refinance?
The benchmark 30 year refinance fixed rate mortgage interest rates at Wells are on the books at 4.000% and an APR of 4.050% today. The best 30 year refinance FHA fixed rate mortgage interest rates are published at 5.125% and APR of 6.176% today. The jumbo version of the 30 year refinance loans have been listed at 3.875% carrying an APR of 3.977%.
Large (in eligible areas) 30 year FHA refinance fixed rate mortgages can be had for 4.125% yielding an APR of 4.132%.
Shorter term, popular 15 year refi fixed rate mortgages start at 4.000% carrying an APR of 4.067%. In the refi FHA ARM arena, 5 year loans are being quoted at 3.875% yielding an APR of 4.067% to start. 7/1 Adjustable Rate Mortgages are being quoted at 3.500% currently with an APR of 3.588% to start.
Related to the market discussion, the banks stock rose to 54.54 up +0.48.