30 year FRMs have been listed at 4.000% at Wells Fargo (NYSE:WFC) carrying an APR of 4.050%. The FHA options for the 30 year loans are on the books at 5.125% at the bank and APR of 6.176%. The shorter term, popular 15 year loan deals are listed at 4.000% yielding an APR of 4.295%.
The 5 year ARM interest rates are 3.500% at Wells with an APR of 3.588%. 5/1 FHA ARM interest rates are being offered for 3.875% with an APR of 4.067% to start.
What are the refinance interest rates today?
The benchmark 30 year refinance loans are coming out at 4.000% at Wells and an APR of 4.050% today. The lower FHA 30 year refinance mortgage loans are being quoted at 5.125% today carrying an APR of 6.176%. The higher interest jumbo 30 year refinance interest rates are available starting at 3.875% with an APR of 3.977%.
Large (in eligible areas) 30 year FHA refinance loan deals are 4.125% yielding an APR of 4.132%.
The shorter term 15 year refinance fixed rate loans are available starting at 4.000% at the bank and an APR of 4.067% today. The 5 year refi Adjustable Rate Mortgages are 3.875% yielding an APR of 4.067%. 7/1 ARM interest rates are being quoted at 3.500% currently and APR of 3.588%.
Separately, Wells’s own stock price rose to 54.54 up +0.48.