30 year loan deals are available starting at 4.500% at Wells Fargo (NYSE:WFC) today with an APR of 4.758%. The lower FHA 30 year loans stand at 4.125% and APR of 5.356%. The shorter term 15 year loan interest rates are being offered for 3.625% today with an APR of 3.963%.
The 5/1 ARMS have been listed at 3.375% at Wells and APR of 3.195%. The 5 year FHA ARMs can be had for 3.000% carrying an APR of 3.601%.
Now on to Refinance Mortgage Rates
30 year refinance fixed rate loan interest rates at Wells start at 4.25% today with an APR of 4.335%. The best 30 year refinance FHA fixed rate loan interest rates at the bank have been offered at 4.25% and APR of 5.837%. The higher interest jumbo 30 year refinance loan interest rates have been quoted at 4.125% at the bank and APR of 4.153%.
Large (in eligible areas) 30 year refinance loan interest rates are being offered for 4.375% yielding an APR of 4.417%.
Large (in eligible areas) 30 year FHA refinance loans have been offered at 4.25% with an APR of 5.788%.
The shorter term 15 year refi loan interest rates start at 3.625% today yielding an APR of 3.772%. 5 year refinance ARM loans are available starting at 3.125% at Wells. and an APR of 2.957%. The 5 year refi FHA ARM loans have been published at 3.125% carrying an APR of 3.91%. As far as refi Jumbo ARMs go, 5 year loans have been offered at 2.875% and an APR of 2.819%. Large 30 year refinance ARMs are on the books at 3.375% carrying an APR of 3.005%.
Big bank mortgage rates are sometimes sensitive to mortgage related bonds which sometimes move with the stock market. Overall markets lowered today leaving the DJIA at 15,337.70 a decrease of -113.35.
For today at least the bank moved along with Wall Street. Independent of mortgage rates, Wells’s own stock price moved ahead to 43.06 up +0.16%.