Today’s Mortgage Interest Rates Edge Higher at Wells Fargo (March 20)
Wells Fargo has posted slightly higher mortgage rates for many of its popular loan products today.
The standard 30-year fixed mortgage is quoted at 4.625% with an APR of 4.712%, while the 30-year FHA loan is quoted with a rate of 4.250% and a higher APR of 5.837%. The shorter 15-year fixed loan is advertised at 3.750% with an APR of 3.898%.
The popular 5-year ARM rate has gone up to 3.375% with an APR of 3.045%, while the 5-year ARM FHA loan is quoted at the same rate of 3.375% with a higher APR of 4.025%.
Wells Fargo offers larger conforming loans in select federally designated metro areas. A larger 30-year mortgage is advertised at 4.625% with an APR of 4.668%, while a large 30-year fixed FHA mortgage is quoted at 4.375% with a higher APR of 5.915%. A larger 5-year ARM is advertised with a rate as low as 3.625% with an APR of 3.092% to start.
30-year jumbo loans are quoted at 4.250% with an APR of 4.278%. The 5-year jumbo loan is the best mortgage deal at Wells Fargo today with a rate of just 3.000% and an APR of 2.861%.
Refinance Rates at Wells Fargo
Wells Fargo updated its refinance rates for qualified borrowers. These rates assume a $200,000 balance on a home worth $250,000.
30-Year Fixed: 4.750%, 4.810% APR
30-Year Fixed FHA: 4.375%, 5.492% APR
15-Year Fixed: 3.875%, 3.976% APR
5/1 ARM: 3.500%, 3.095% APR
5/1 ARM: 3.750%, 3.691% APR
The purchase rates above assume a borrower with excellent credit purchasing a single-family, owner-occupied home at $250,000 with a 30% down payment. Mortgage rates are subject to change. For more information about today’s mortgage rates at Wells Fargo, please visit the lender’s website.
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.