Standard 30 year fixed rate mortgages at Wells Fargo (NYSE:WFC) can be had for 4.500% with an APR of 4.758% today. 30 year FHA loan interest rates are published at 4.250% with a bit higher APR of 5.486%. The shorter term, popular 15 year fixed rate mortgages start at 3.750% yielding an APR of 4.091% today.
5 year Adjustable Rate Mortgages are listed at 3.375% at Wells carrying an APR of 3.195% to start. FHA ARMs in the 5 year category can be had for 3.000% carrying an APR of 3.601%.
Today’s Refinance Mortgage Rates
The benchmark 30 year refinance loan interest rates at Wells are available starting at 4.375% today with an APR of 4.46%. The best 30 year refinance FHA loans are listed at 4.25% at the bank today yielding an APR of 5.837%. The best 30 year refinance jumbo fixed rate loan interest rates are listed at 4.125% and an APR of 4.153%.
Large (in eligible areas) 30 year refinance fixed rate mortgage interest rates have been listed at 4.375% carrying an APR of 4.417%.
Large (in eligible areas) 30 year FHA refinance fixed rate mortgages are on the books at 4.25% carrying an APR of 5.788%.
Popular 15 year refi FRMs are available starting at 3.625% yielding an APR of 3.772%. The 5/1 ARM interest rates are on the books at 3.125% at Wells. with a starting APR of 2.957%. The 5/1 refi Adjustable Rate Mortgage interest rates are on the books at 3.125% with an APR of 3.91% to start. The 5/1 refi Jumbo ARM interest rates are 2.875% showing an APR of 2.819%. Large 30 year refinance ARM loans stand at 3.375% carrying an APR of 3.005%.
Stock and Mortgage Performance
Big bank mortgage rates often change because of MBS’s traded in security markets that move in concert with the stock market. The stock market weakend by market close to leave the DJIA at 15,337.70 a decrease of -113.35.
Today’s rates at Wells followed the stock market direction. Closer to home, Wells’s own stock gained ground to 43.06 up +0.07.