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All Mortgage Rates Hold Steady At Wells Fargo Today, November 1st As Bank Prepares to Pay $1 billion in Faulty Bonds


All Mortgage Rates Hold Steady At Wells Fargo Today, November 1st As Bank Prepares to Pay $1 billion in Faulty Bonds

Mortgage Rates Hold Steady At Wells FargoNo changes across the board at Wells Fargo today, including the 30 Year Fixed mortgage rate which is on the books today at a rate of 4.250% with an APR value 4.421%.

The FHA/government loan for 30 year period shows an interest rate of 4.125%, with an APR of 5.640%.

No changes observed in the 15 Year Fixed rate mortgage category at Wells Fargo and these rates are on the books for 3.375%, with an APR of 3.669%.

All rates including 30 year and 15 year fixed mortgages from Wells Fargo are published based on, “the refinance of a single-family, primary residence, that you pay 1% of your loan amount toward the loan origination charge, a 60 day interest lock-in-period.”

The 5 Year fixed Rate ARM is steady at 3.000% while the APR is listed at APR of 3.076%.

The 5 Year ARM FHA is also holding at 3.000% with an APR of 3.789%.

The best 30 Year Refinance Fixed Rate Mortgages are on the books this evening at a rate of 4.250%, while the corresponding APR value is holding steady at 4.377%.

On the books for the 30 Year FHA category is a rate of 4.250% and an APR of 5.791%. Borrowers can find the 5 Year ARM at 3.125% and the corresponding APR at 3.080%.

30 Year Fixed Jumbo Loans are still at 4.000% with corresponding APR at 4.112%.

The 5 Year ARM Jumbo Loan rate is listed at 2.375%, with an APR 2.808%.

To schedule a personal consultation, please see the lenders website for more information or contact the mortgage specialist closest to you.

Also in the news, San Francisco based Wells Fargo have settled with the Federal Housing Finance at a rate of $1 billion in response to faulty mortgage bonds being sold to Fannie Mae and Freddie Mac.

Disclaimer: The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower. This website does not engage in the sale or promotion of financial products and makes no claims as to the accuracy of the quotation of interest rates.


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L.J is a contributor covering financial, entertainment and politics news. A freelance writer for various online publications with a great interest in real estate investment.

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