This Monday, the benchmark 30 year fixed mortgage interest rates are flowing in a steady stream at Wells Fargo. In the new home purchase section, as well as in the refinancing loans division, customers will find the ideal loan schemes coming out at the same lending rates on January 6, 2014, thereby increasing the popularity of Wells Fargo’s loan products in the market.
According to the updated mortgage information released by the San Francisco based mortgage lender, the standard, long term, 30 year fixed rate mortgage loans are available at an interest rate of 4.750% and are carrying an annual percentage rate of 5.015%. On the other hand, the 15 year FRM loans are coming out at a lending cost of 3.875% and an APR yield of 4.217%. Customers can also find the FHA insured 30 year fixed rate home loans being published against a lending charge of 4.375% and an APR yield of 5.616% today.
In the adjustable rate mortgage division, potential home buyers can find the 5 year packages tagged at a rate of 3.500% and accompanied by an APR yield of 3.325%. However, the FHA version of the 5 year ARM deal is up for grabs at a starting rate of 3.125% and an APR yield of 3.659%.
Heading towards the refinancing arena, mortgage shoppers can spot the popular 30 year fixed rate mortgage loans sitting next to a lending cost of 4.625% and an APR yield of 4.712%. The FHA backed 30 year refinancing FRM loans can be seen published at an interest rate of 4.375% and yielding an annual return of 5.963%. The jumbo variants of the 30 year refinancing fixed rate mortgage loans can be acquired by paying an interest cost of 4.500% and enjoying an APR of 4.528%.
In the unique lending category, Wells Fargo pleases customers living in eligible areas with its large 30 year refinance fixed rate home loans, which are now traded at a rate of 4.625% and yield an APR of 4.668%. The lender also provides FHA backed large 30 year refinance fixed rate mortgages to borrowers living in eligible areas at an interest rate of 4.500% and an APR yield of 6.041%.
As far as adjustable rate mortgage packages are concerned, the best 5 year refinancing options can be acquired by bearing an interest cost of 3.500% and an APR yield of 3.171%. The FHA versions of the 5 year refinancing ARM loans can be locked in at an interest rate of 3.250% and an APR yield of 3.968%. The 5 year jumbo refinancing variable rate home loans are up for grabs at a starting rate of 3.125% and an APR yield of 2.987%.
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.