Standard 30 year fixed rate mortgages at Wells Fargo (NYSE:WFC) have been published at 4.500% carrying an APR of 4.758% today. The best 30 year FHA loan deals stand at 4.250% yielding an APR of 5.486%. The short term 15 year fixed rate loans start at 3.625% and an APR of 3.963%.
5 year ARMs are available starting at 3.375% at Wells with a starting APR of 3.195% which will change as interest rates adjust. As far as FHA ARMs go, 5 year interest rates have been offered at 3.000% with a starting APR of 3.601%.
Refinancing Your Home
The best 30 year refinance fixed rate mortgages can be had for 4.375% at Wells today carrying an APR of 4.46%. The best 30 year refinance FHA loan deals at the bank have been published at 4.25% and an APR of 5.837%. The best 30 year refinance jumbo fixed rate mortgages have been published at 4.25% and an APR of 4.278% today.
Large (in eligible areas) 30 year refinance loans are published at 4.375% carrying an APR of 4.417%.
Large (in eligible areas) 30 year FHA refinance FRM interest rates are being quoted at 4.25% and an APR of 5.788%.
The shorter term, popular 15 year refinance loan interest rates stand at 3.625% today yielding an APR of 3.772%. 5 year refi ARM loans have been offered at 3.25% at Wells. yielding an APR of 3.001%. The 5 year refi FHA ARM deals stand at 3.125% and the APR is 3.91%. The 5/1 refi Jumbo ARMS have been quoted at 2.875% with an APR of 2.819%. Large 30 year refinance ARM loans can be had for 3.375% carrying an APR of 3.005%.
From the bank’s stock perspective
Rates are usually sensitive to MBS’s (mortgage backed securities) prices that usually move with the stock market. Security markets went down in today’s trading to leave the DJIA at 15,337.70.
This time Wells did not defy the DJIA direction. Also in the market, Wells’s own stock strengthened to 43.06 up +0.16%.