Wells Fargo Mortgage Rates Update
It’s been a little while since we here at Wells Fargo Interest Rates Reviews had a look at how mortgage rates at Wells Fargo Bank are doing. So today we’re going to look at Wells Fargo Bank home loans again and bring you up to date on the latest changes.
The numbers here will assume credit worthiness (FICO score of at least 700+) and sufficient down payment or equity in the home (up to 20%) as well as money on hand to cover fees and other costs. Not every geographic area and not every person is the same, of course, so your situation will likely change the numbers we present here. These are a guideline only, but should serve to show you what’s available and what the average is likely to be, within reasonable deviations for situational changes.
30-Year Fixed rate Wells Fargo Bank mortgage rates are at 5.00% interest or 5.906% annual percentage rate (APR) (5.653% APR for FHA).
15-Year Fixed rate Wells Fargo interest rates are at 4.375% or 4.991% APR, which is competitive.
For those who can use an adjustable rate mortgage offer, Wells Fargo mortgage rates on 5-Year ARM loans are 3.875% or 3.750% (normal or FHA, respectively) with APRs of 4.434% or 3.286%.
Jumbo loans (loans over the commensurate average for the area) will have a slightly higher rate in most cases and lower credit scores will also produce higher interest. Wells Fargo Bank is, of course, an Equal Housing Lender and is fully insured and certified with all required duties.
