One of the major mortgage lenders, Wells Fargo Bank (NYSE: WFC) [stockdata ticker=”WFC”], published improved best 30 year fixed mortgage interest rates on Tuesday, November 19, 2013.
The standard 30 year fixed rate mortgage loans are today quoted at a better interest rate of 4.375% and are accompanied by an impressive annual percentage yield of 4.735%. The relatively short term, 15 year fixed rate mortgage loans are available at a starting rate of 3.500% and carry an APR yield of 3.999%.
For the troubled borrowers, the bank includes FHA versions of the 30 year fixed rate mortgages in its portfolio at an interest charge of 3.875% and an APR yield of 5.194, which is considerably higher than the conventional loans.
The US based lender also provides 5 year adjustable rate mortgage loans at a rate of 3.125%, which carry an APR yield of 3.283%. The borrowers can also find FHA insured 5 year adjustable rate mortgages listed in the bank’s books at an interest rate of 2.750% and an APR yield of 3.585%.
In the refinancing zone, Wells Fargo publishes its best 30 year refinancing fixed rate mortgage loans at an interest charge of 4.375%, which are accompanied by an annual percentage yield of 4.547%. The FHA insured, 30 year refinancing fixed rate mortgages are quoted at a rate of 4.125% and an impressive APR yield of 5.808% for today.
Wells Fargo also deals with the bigger financing needs of the borrowers through its impressive 30 year Jumbo fixed rate mortgage options, which can be obtained at a rate of 4.000% and carry an annual percentage rate of 4.112%. The short term, 15 year refinancing FRM loans are published at a rate of 3.375% and an APR yield of 3.669% today.
In its unique financing category and only for the borrowers in eligible areas, Wells Fargo provides Large 30 year refinancing FRM loans at an interest rate of 4.375% and an APR yield of 4.503%. On the other hand, the large 30 year FHA refinancing fixed rate mortgage options are offered at an interest rate of 4.250% and come along with an APR yield of 5.887%.
Talking about the ARM options, the 5 year refinancing schemes at Wells Fargo are quoted at an interest rate of 3.000% and provide an APR yield of 3.076%. The refinancing FHA adjustable rate mortgages are up for grabs at an interest charge of 3.000% to start with, along with an APR yield of 3.945%.
As far as the refinancing Jumbo ARM loans are considered, the borrowers can acquire them at a rate of 2.250% and an APR yield of 2.765%. However, the Large (for eligible areas only) 30 year refinancing ARM options can be obtained by bearing an interest charge of 3.250% and come along with an APR yield of 3.124%.
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.