Just like every other major mortgage lender, Wells Fargo (NYSE: WFC) [stockdata ticker=”WFC”] kept its lending rates unchanged on January 8, 2014. The Bank had already given an unpleasant surprise to interested mortgage borrowers earlier this week by increasing its home loan rates. However, this Wednesday the benchmark 30 year fixed mortgage interest rates didn’t move a bit on the rate chart of the bank.
As of now, the 30 year fixed rate mortgage home loan deals are available at an interest cost of 4.750% and an annual percentage yield of 5.015%. The less expensive and shorter, 15 year fixed rate mortgage home loan deals are coming out at a lending cost of 3.875% today and are backed by an APR yield of 4.217%. Customers can also find the FHA approved 30 year fixed rate mortgage plans trading at an interest cost of 4.250% and an APR yield of 5.486% today.
When it comes to adjustable rate mortgage loans, interested borrowers can spot the 5 year deals tagged with an interest price of 3.500% and coming along with an APR yield of 3.325% today. The FHA versions of the 5 year adjustable rate mortgage loans can also be had by bearing an interest charge of 3.125% and an APR yield of 3.659%.
In the refinancing arena, the popular 30 year fixed rate mortgage loans are advertised at an interest rate of 4.625% and an APR yield of 4.712%. On the other hand, the 30 year refinancing jumbo fixed rate home loans can be obtained at a lending rate of 4.500% and an APR yield of 4.528%. The FHA variants of the 30 year refinancing FRM loans are now listed at a rate of 4.375% and a higher APR yield of 5.963%.
The bank also offers large 30 year refinancing FRM loans to people living in eligible areas at an interest rate of 4.625% and an APR yield of 4.668% today. The FHA backed large 30 year refinancing fixed rate mortgage home loans are also published in the bank’s books against a lending charge of 4.375% and an APR yield of 5.915% today.
As far as adjustable rate mortgage lending options are concerned, Wells Fargo trades the 5 year refinancing deals at a lending cost of 3.375% and offers an APR yield of 3.127%. The FHA insured 5 year refinancing ARM packages are now quoted against an interest rate of 3.250% and an APR yield of 3.968%. Lastly, the 5 year refinancing jumbo adjustable rate home loans are up for grabs at a starting interest price 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.