The best 30 year fixed rate mortgage interest rates start at 4.500% at Wells Fargo (NYSE:WFC) and APR of 4.758%. The FHA version of the 30 year loans are coming out at 4.125% yielding an APR of 5.356%. The short term 15 year fixed rate loan interest rates are being offered for 3.750% at the bank with an APR of 4.091%.
ARM interest rates in the 5 year category at Wells are on the books at 3.375% and an APR of 3.278%. In the FHA ARM arena, 5 year deals are 3.000% showing an APR of 3.601%.
Refinancing Your Home
The best 30 year refinance fixed rate mortgage interest rates have been offered at 4.375% at Wells and an APR of 4.46%. The lower FHA 30 year refinance interest rates are coming out at 4.25% carrying an APR of 5.837% today. The best 30 year refinance jumbo fixed rate loans are published at 4.125% at the bank today and an APR of 4.153%.
Large (in eligible areas) 30 year refinance loans are coming out at 4.375% with an APR of 4.417%.
Large (in eligible areas) 30 year FHA refinance FRMs are available starting at 4.25% and APR of 5.788%.
The shorter term, popular 15 year refi loan deals have been listed at 3.625% at the bank carrying an APR of 3.772%. The 5 year refi ARM loans can be had for 3.25% at Wells. with an APR of 3.083%. As far as refi FHA ARMs go, 5 year deals are available starting at 3.125% and an APR of 3.91%. The 5/1 refi Jumbo ARM interest rates are being quoted at 2.875% with an APR of 2.901%. Large 30 year refi ARM loans are being quoted at 3.5% with an APR of 3.131%.
Market Impact on Mortgage Rates
Mortgage rates fluctuate often because of loan packages traded by banks as securities that track with the stock market. Wall street fell by close of day to leave the DJIA at 15,337.70 a decrease of -113.35.
This time the bank were in synch with the DJIA performance. Now Wells’s stock price moved ahead to 43.06 up +0.16%.