Wells Fargo (NYSE: WFC) is a U.S. multinational banking services company based in San Francisco, California.The lender is part of the Big Four Banks of the U.S. and it’s one of the biggest bank holding companies in the country according to total assets.
Wells Fargo (NYSE: WFC) is a U.S. multinational banking services company based in San Francisco, California.The lender is part of the Big Four Banks of the U.S. and it’s one of the biggest bank holding companies in the country according to total assets. Wells Fargo’s latest mortgage interest rates, updated for December 19, 2014, can be found below. Please, take note, that the mortgage rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions.
Borrowers, who are looking to secure a favorable home refinance loan, may want to consider Wells Fargo’s 30-year fixed mortgage, which is carrying a rate of 4.125% and has 4.138% by way of APR. Others, who prefer to refinance over 15 years, will see the lender’s 15-year FRM hovering at a rate of 3.500%. The bank’s latest data revealed that the APR variable on this loan package is set at 3.538%.
Heading over to government loans, the 30-year FHA-backed loan comes with lower down payment condition that standard conventional loans, therefore this type of mortgage can be an attractive option for some borrowers. Currently, the aforementioned loan is offered at a rate of 4.000% and it bears an APR variable of 5.504%.
Apart from fixed mortgage loans, the lender also advertises loans, which come with flexible interest rate conditions. One of them is the 7/1 adjustable rate loan, which is published at a rate of 3.375% and it’s coupled with an APR figure of 3.142%. Another flexible option for home refinancing is the 5/1 ARM FHA, which can be secured at a rate of 3.375% and it has an APR sum of 4.117%.
Shifting to Wells Fargo’s current home loan options, the 30-year FRM is now listed at a rate of 4.000% and the loan is accompanied by an APR variable of 4.030%. A shorter-term home purchase loan, the 15-year fixed mortgage, is published at a rate of 3.375%, whilst the APR on this loan is set at 3.464%.
Furthermore, Wells Fargo provides such home mortgages, which carry amounts that exceed conforming loan limits. The 30-year fixed jumbo mortgage can be locked in at a rate of 4.000%. The corresponding annual percentage rate is coming out at 4.007%. Another option is the 7-year ARM jumbo loan, which has a lending rate of 3.250% and it comes with 3.050% by way of APR, according to the San Francisco-headquartered lender’s data.
Please, check the lender’s website for updated mortgage information or contact a loan officer in charge.
Now, looking at average mortgage interest rates, the 30-year fixed loan dropped to 3.80% this week, according to Freddie Mac’s weekly survey published on Thursday. A week earlier the aformentioned mortgage loan stood at 3.93%. The 15-year fixed mortgage drifted lower as well, with the interest rate now standing at 3.09%, the firm’s data revealed.