Wells Fargo Mortgage Rates Review
It has been quite a while since we reviewed the mortgage rates of Wells Fargo Bank. The current rates of Wells Fargo Bank home loans are mentioned for the purchase of a single family home that is the primary residence of the buyer. The Wells Fargo interest rates for eligible customers are 5.065% APR for a 30-year fixed loan. The mortgage rates at Wells Fargo bank for a 30-year FHA loan is 5.85% APR. FHA loan is a loan that is backed by the Federal Housing Administration (FHA). These loans, along with the loans backed by the Veterans Administration (VA), are called as Government loans by the Wells Fargo Bank.
The Wells Fargo bank mortgage rates are 4.573% for a 15-year fixed loan. For a 5-year ARM loan, the rates are 3.519% while the rates for a 5-year ARM FHA is 3.342%. Wells Fargo bank also offers larger loan amounts in certain areas that have been specified as metropolitan areas by the FHA to ensure that more and more people have access to a home. The Wells Fargo mortgage rates for a 30-year fixed loan is 5.264% while for a 30-year fixed FHA loan, the rates are 5.794%. The rates are 3.606% for a 5 year ARM loan. Jumbo loans are loans that exceed the maximum limit set by Freddie Mac and Fannie Mae. The Wells Fargo bank’s mortgage rates for a 30-year fixed jumbo loan is 5.643% and the rates for a 5-year ARM loan is 3.930% APR. These rates are for eligible customers who meet the financial requirements laid down by the bank. For others, the interest rates may be higher.
