Standard 30 year FRM interest rates are coming out at 4.500% at Wells Fargo (NYSE:WFC) with an APR of 4.758%. The best 30 year FHA FRM interest rates are published at 4.250% and APR of 5.486%. Shorter term, popular 15 year loans at the bank are 3.750% with an APR of 4.091%.
The 5/1 ARM loans at Wells have been quoted at 3.375% with an APR of 3.195%. 5 year FHA ARM loans are available starting at 3.125% with an APR of 3.659% to start.
How much is it to refinance?
30 year refinance loans are 4.5% at Wells with an APR of 4.586%. The lower FHA 30 year refinance loan interest rates at the bank start at 4.25% yielding an APR of 5.837%. 30 year refinance jumbo FRM interest rates are available starting at 4.25% with an APR of 4.278%.
Large (in eligible areas) 30 year refinance loan deals start at 4.5% and an APR of 4.543%.
Large (in eligible areas) 30 year FHA refinance fixed rate loan interest rates are coming out at 4.25% carrying an APR of 5.788%.
15 year refi loan interest rates have been listed at 3.625% today yielding an APR of 3.772%. ARM loans in the 5 year refi category at Wells Fargo are 3.25%. and an APR of 3.001%. 5 year refi FHA Adjustable Rate Mortgages are available starting at 3.25% yielding an APR of 3.968%. 5 year refi Jumbo ARMs are listed at 2.875% yielding an APR of 2.819% to start. Large 30 year refinance ARMs are available starting at 3.5% yielding an APR of 3.048%.
Update on the Market and Stock performance
Mortgage and refinance rates are often affected by mortgage bonds and securities that move with the stock market. Stock markets declined by the end of trading today leaving the DJIA at 15,337.70.
For today Wells tracked with the days closing results. Now the banks stock increased to 43.06 up +0.16%.