Wells Fargo Mortgage Rates
Wells Fargo Bank has updated their mortgage loan interest rates recently, so we here at Wells Fargo Interest Rates Reviews knew it was time to bring you the latest information. Whether you’re buying a new home, refinancing an existing mortgage, or just want to keep up-to-date on Wells Fargo mortgage interest rates, we’re here for you.
Wells Fargo Bank home loans come in 40, 30, 20, and 15-year fixed as well as a 5-year adjustable rate mortgage (ARM). Those who qualify may also have access to Jumbo or Federal Housing Authority (FHA) Wells Fargo Bank home loans as well. In any case, the current Wells Fargo Bank mortgage rates are competitive. All of our numbers here assume qualifying credit and down payments are in order.
A standard 30-year fixed is at an annual percentage rate (APR) of 4.96%, while a 20-year fixed is at 5.289% APR. A special 40-year fixed rate of 6.7% APR is also available. For a 15-year short loan, the current rate is 4.989% APR and the 5-year ARM is at 4.466% (for the five years) upgrading to whatever is the current rate after the term.
Jumbo loans (loans over the “norm” for a given area) are available in both a 30-year fixed at 6.399% or a 5-year ARM at 4.629%, adjusting to the current Jumbo rate after the term.
For those who qualify for an FHA loan, you’ll find that Wells Fargo interest rates are very competitive at 5.645% APR.
Whatever your mortgage needs, ther are some great mortgage rates at Wells Fargo Bank for you to look over. If you’re in the market for a home loan, Wells Fargo mortgage rates are definitely worth putting on your list.
