Standard 30 year FRM interest rates at Wells Fargo (NYSE:WFC) start at 4.500% and APR of 4.758% today. The typically lower FHA 30 year loans are being quoted at 4.250% with a bit higher APR of 5.486%. Shorter term 15 year fixed rate loan interest rates have been quoted at 3.750% today with an APR of 4.091%.
In the ARM arena, 5 year deals are published at 3.375% at Wells and the APR is 3.195%. As far as FHA ARMs go, 5 year loans have been quoted at 3.000% with a starting APR of 3.601%.
Now on to Refinance Mortgage Rates
The best 30 year refinance fixed rate mortgages at Wells are being offered for 4.375% yielding an APR of 4.46% today. The best 30 year refinance FHA loans at the bank are published at 4.25% yielding an APR of 5.837% today. The best 30 year refinance jumbo loan interest rates have been quoted at 4.25% carrying an APR of 4.278% today.
Large (in eligible areas) 30 year refinance loans have been listed at 4.375% carrying an APR of 4.417%.
Large (in eligible areas) 30 year FHA refinance fixed rate loan interest rates are on the books at 4.25% with an APR of 5.788%.
15 year refi FRM interest rates at the bank start at 3.625% and APR of 3.772% today. 5/1 Adjustable Rate Mortgages at Wells are 3.125%. and the APR is 2.957%. The 5 year refi FHA ARM interest rates are listed at 3.125% yielding an APR of 3.91%. 5/1 refi Jumbo ARMs start at 2.875% with a starting APR of 2.819%. Large 30 year refinance ARM loan deals are coming out at 3.375% with an APR of 3.005%.
The bigger picture
Refinance and mortgage rates are sometimes pressured by mortgage bonds and security prices which sometimes move with the stock market. Securities lost ground by the end of trading today with the DJIA at 15,337.70 up -0.73%.
Rates at the bank took the lead of Wall Street. Specifically, the banks stock price moved ahead to 43.06 up +0.07.