Wells Fargo has updated its mortgage rates for Monday, March 10. Rates remain largely unchanged for the lender’s most popular products.
The advertised rate for the benchmark 30-year fixed mortgage is 4.500% with an APR of 4.586%, while the 15-year mortgage is advertised at 3.625% with an APR of 3.772%. Borrowers looking for a more flexible loan option may opt for a 5-year ARM with a rate of 3.250% and an APR of 3.001%.
As the largest U.S. lender, Wells Fargo also provides larger conforming loan amounts in select areas. The rate for a larger 30-year loan is quoted at 4.500% with an APR of 4.543% and a 5-year ARM is advertised at 3.500% with an APR of 3.048%.
Wells Fargo Purchase Rates
30-Year Fixed:4.500%, 4.586% APR
30-Year Fixed FHA:4.250%, 5.837% APR
15-Year Fixed: 3.625%, 3.772% APR
5-Year ARM:3.250%, 3.001% APR
5-Year ARM FHA:3.250%, 3.968% APR
Larger Loan Amounts in Eligible Areas:
30-Year Fixed:4.500%, 4.543% APR
30-Year Fixed FHA:4.250%, 5.788% APR
5-Year ARM:3.500%, 3.048% APR
30-Year Fixed:4.250%, 4.278% APR
5-Year ARM:2.875%, 2.819% APR
Wells Fargo Refinance Rates
Wells Fargo posted competitive rates for its most popular refinance products. Refinance rates have moved up higher than purchase rates over the weekend.
30-Year Fixed: 4.750%, 4.766% APR
30-Year Fixed FHA: 4.250%, 5.363% APR
15-Year Fixed: 3.750%, 3.832% APR
5/1 ARM: 3.500%, 3.095% APR
5/1 ARM FHA: 3.500%, 3.584% APR
Current rates are subject to change and are based on several factors, including borrower qualifications and home location. The quoted APRs include origination fees, discount points, average loan fees, and closing costs.
To learn more about today’s mortgage rates at Wells Fargo, please visit the lender’s website.