Standard 30 year FRM interest rates at Wells Fargo (NYSE:WFC) are on the books at 4.500% and an APR of 4.563% today. 30 year FHA loans are coming out at 4.375% with a bit higher APR of 5.394%. The jumbo options for the 30 year mortgages have been offered at 3.625% yielding an APR of 3.398%.
The shorter term 15 year loan interest rates have been listed at 4.000% today and an APR of 4.298%.
As far as ARMs go, 5 year deals are listed at 3.750% at Wells yielding an APR of 3.857% at present. FHA ARMs in the 5 year category are being quoted at 3.875% with a starting APR of 4.001%.
The best 30 year refinance loan interest rates at Wells are coming out at 4.500% yielding an APR of 4.563%. The FHA version of the 30 year refinance loans are being quoted at 4.375% at the bank and APR of 5.394%. The best 30 year refinance jumbo loan interest rates start at 3.750% carrying an APR of 3.888% today.
Large (in eligible areas) 30 year refinance loan deals stand at 3.625% yielding an APR of 3.398%.
The shorter term 15 year refi fixed rate mortgages at the bank are coming out at 4.000% yielding an APR of 4.001%. 5 year refi FHA ARM loans are coming out at 3.875% with a starting APR of 4.001%. 7 year refinance ARM loans have been listed at 3.750% currently and an APR of 3.857%.
Drilling down a bit, the stock price of Wells moved higher to 55.75 up +0.05%.