The benchmark 30 year fixed rate mortgages at Wells Fargo (NYSE:WFC) have been listed at 4.500% and APR of 4.758% today. The FHA 30 year loans at the bank are 4.250% yielding a bit higher APR than the conventional loan of 5.486%. Popular 15 year fixed rate mortgage interest rates at the bank are being offered for 3.750% and APR of 4.091%.
The 5/1 Adjustable Rate Mortgages are published at 3.375% at Wells Fargo with an APR of 3.195%. 5/1 FHA ARMs are listed at 3.250% with a starting APR of 3.718%.
Home Refinance Interest Rates
Standard 30 year refinance loan interest rates at Wells Fargo are available starting at 4.5% yielding an APR of 4.586%. The FHA version of the 30 year refinance loans are 4.25% with an APR of 5.837%. The higher interest jumbo 30 year refinance mortgage loans at the bank are coming out at 4.25% today with an APR of 4.278%.
Large (in eligible areas) 30 year refinance loan interest rates have been quoted at 4.5% carrying an APR of 4.543%.
Large (in eligible areas) 30 year FHA refinance fixed rate mortgages are being quoted at 4.25% carrying an APR of 5.788%.
The shorter term 15 year refi fixed rate loan interest rates are 3.625% today yielding an APR of 3.772%. 5 year refinance ARMs at Wells Fargo are available starting at 3.25%. and APR of 3.001%. The 5 year refi FHA ARM deals are published at 3.25% and APR of 3.968%. The 5 year refi Jumbo ARMs have been listed at 2.875% with an APR of 2.819%. Large 30 year refinance ARM loan deals have been offered at 3.5% carrying an APR of 3.048%.
Market and Mortgages
Interest rates for mortgages are often driven by securities backed by mortgages that go up and down with the markets. Stocks went down by market close leaving the DJIA at 15,337.70.
For today the bank followed the DJIA performance. And now, the stock price of Wells Fargo moved higher to 43.06 up +0.07.