Wells Fargo mortgage interest rate august 29 2012

Wells Fargo mortgage interest rate august 29 2012 : A few minor ups and downs on the books at Wells Fargo (NYSE:WFC) today, with some benchmark home purchase mortgage rates having upticked slightly while others continue as very fractional slide. The level of value for money across the board is however quite exceptional and the week as a whole is shaping up to be quite the incredible opportunity for those yet to invest.

Home purchase mortgage rates first and this Wednesday morning sees the standard 30 year fixed rate deal on the cards for a low 3.625% and APR of 3.963%, while the 15 year alternative can be taken out and locked in from as little as 3.250% and APR of 3.930%.

FHA 30 year fixed rate purchase packages are now at a daily low of 3.250% and APR of 3.930%.

Home buyers looking to make a purchase with an adjustable rate loan will today be offered the 5/1 ARM with an opening rate of 2.000% and an APR of 3.123% variable, while the FHA 5/1 ARM remains an excellent choice at 2.375% to begin and APR of 2.716% variable.

Turning attention to home refinance mortgage rates now and leading the proceedings is the usual 30 year fixed rate deal now at 3.875% and APR of 4.248%, while the shorter 15 year package is being advertised at 3.000% and APR of 3.513%.

FHA versions of the same 30 year refinance packages can be taken out and locked in for 3.375% and APR of 4.060%.'

For home refinance customers preferring to play the market and take out an adjustable rate loan, the Wells Fargo 5/1 ARM now opens at 2.500% and carries an APR of 3.326% variable, while the FHA 5/1 ARM remains hugely strong with an interest rate of 2.375% to begin and an APR of 2.716% variable.

Loan Type - Interest Rate - APR - 8/29/12
30-Year Fixed 3.875% 4.051%
30-Year Fixed FHA 3.625% 4.686%
15-Year Fixed 3.000% 3.308%
5-Year ARM 2.250% 3.072%
5-Year ARM FHA 2.375% 3.036%

Jumbo Loan Rates - APR - 8/29/12
30-Year Fixed 4.250% 4.382%
5-Year ARM 2.625% 3.157%

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