Standard 30 year fixed rate mortgages at Wells Fargo (NYSE:WFC) are on the books at 4.500% today yielding an APR of 4.758%. 30 year FHA fixed rate loans are on the books at 4.125% with a rather higher APR of 5.356%. Shorter term 15 year FRM interest rates at the bank have been listed at 3.625% today yielding an APR of 3.963%.
As far as ARMs go, 5 year deals are being quoted at 3.250% at Wells Fargo with an APR of 3.234% to start. In the FHA ARM arena, 5 year loans are on the books at 3.000% and APR of 3.601%.
Now on to Refinance Mortgage Rates
30 year refinance fixed rate mortgages at Wells Fargo have been listed at 4.25% with an APR of 4.335% today. The lower FHA 30 year refinance loans are coming out at 4.125% at the bank and an APR of 5.71%. The typically higher interest jumbo 30 year refinance mortgage interest rates are available starting at 4.125% today with an APR of 4.153%.
Large (in eligible areas) 30 year refinance loan interest rates can be had for 4.375% with an APR of 4.417%.
Large (in eligible areas) 30 year FHA refinance fixed rate loans have been published at 4.25% and APR of 5.788%.
The short term, popular 15 year refi loan deals can be had for 3.5% at the bank today with an APR of 3.647%. As far as ARMs go, 5 year refinance deals at Wells have been quoted at 3.125%. and APR of 3.04%. The 5/1 refi FHA ARM interest rates have been listed at 3.125% with an APR of 3.91%. In the refi Jumbo ARM arena, 5 year interest rates start at 2.875% and an APR of 2.901%. Large 30 year refinance ARM loan interest rates can be had for 3.375% and an APR of 3.087%.
Market Impact on Mortgage Rates
Loan interest rates usually change as a result of mortgage related bonds which move in concert with the stock market. Stocks lowered by market close to leave the DOW at 15,337.70 up -0.73%.
For today at least the bank blindly followed Wall Streets direction. Drilling down a bit, Wells Fargo’s own stock moved higher to 43.06 up +0.07.