The benchmark 30 year loan interest rates at Wells Fargo (NYSE:WFC) are being quoted at 4.625% yielding an APR of 4.741%. 30 year FHA loan interest rates are being quoted at 4.250% and APR of 5.376%. The short term, popular 15 year fixed rate loan interest rates are being offered for 3.750% at the bank yielding an APR of 4.002% today.
5 year Adjustable Rate Mortgages have been published at 3.500% at Wells with a starting APR of 3.178%. FHA ARMs in the 5 year category are on the books at 3.250% with a starting APR of 3.501%.
What does it cost to refinance?
Standard 30 year refinance fixed rate loans are available starting at 4.5% at Wells today with an APR of 4.586%. 30 year refinance FHA loan interest rates are published at 4.25% today with an APR of 5.837%. The best 30 year refinance jumbo FRMs are coming out at 4.25% at the bank yielding an APR of 4.278%.
Large (in eligible areas) 30 year refinance fixed rate loans have been offered at 4.5% and APR of 4.543%.
Large (in eligible areas) 30 year FHA refinance fixed rate mortgage interest rates are on the books at 4.25% carrying an APR of 5.788%.
The short term, popular 15 year refi FRMs are being offered for 3.625% today yielding an APR of 3.772%. 5 year refi ARM loans can be had for 3.25% at Wells. and an APR of 3.001%. As far as refi FHA ARMs go, 5 year interest rates are listed at 3.25% with an APR of 3.968%. As far as refi Jumbo ARMs go, 5 year deals are being offered for 2.875% with a starting APR of 2.819%. Large 30 year refinance ARM loan interest rates start at 3.5% and APR of 3.048%.
From the finance side
Rates banks charge are sensitive to securities made up of mortgage packages which are traded in the stock market. Securities waned today to leave the DOW at 15,337.70 a decrease of -113.35.
Today’s rates at Wells moved along with the action in the market. Specifically, this particular bank’s stock price improved to 43.06 up +0.07.