Wells, PHH Mortgage: Interest Rates on Tuesday for Home Mortgages Jan 2, 2018

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Wells, PHH Mortgage: Interest Rates on Tuesday for Home Mortgages Jan 2, 2018

Wells Fargo

30 year loan interest rates are being offered for 4.000% at Wells Fargo (NYSE:WFC) today with an APR of 4.050%.  The best 30 year FHA loan deals are listed at 5.125% carrying an APR of 6.176%.  The shorter term, popular 15 year loan deals at the bank can be had for 4.000% and an APR of 4.295%.  

The 5 year ARM interest rates have been published at 3.500% at Wells carrying an APR of 3.588% to start.  FHA ARMs in the 5 year category are listed at 3.875%  yielding an APR of 4.067% to start.  

How much is it to refinance?

30 year refinance fixed rate loans at Wells are available starting at 4.000% yielding an APR of 4.050% today.  The FHA 30 year refinance loans are on the books at 5.125% today and an APR of 6.176%.  30 year refinance jumbo loan interest rates start at 3.875% yielding an APR of 3.977% today.  

Large (in eligible areas) 30 year FHA refinance FRMs are being quoted at 4.125%  and an APR of 4.132%.  

The shorter term, popular 15 year refinance loan deals are being quoted at 4.000% and APR of 4.067% today.  5 year refi FHA ARM loans are listed at 3.875%  with a starting APR of 4.067%.  The 7 year refi ARMs can be had for 3.500% today and APR of 3.588%.  

Also in the market, the banks stock improved to 54.54 up +0.48.  

PHH Mortgage

30 year fixed rate mortgages can be had for 4.125% at PHH Mortgage carrying an APR of 4.190%.  15 year loan deals at the bank are coming out at 3.590% today and an APR of 3.772%.  

10 year loan interest rates are on the books at 3.590% and an APR of 3.853% today.  The best 20 year loan deals are listed at 3.875% and an APR of 4.018%.  

ARMs in the 5 year category at PHH start at 3.875% and the APR is 4.138% on initial purchase.  7 year ARMs have been published at 3.875% today and the APR is 4.110%.  10 year ARM loans have been offered at 3.920% currently with an APR of 4.101% to start.  

Current Refinance Mortgage Rates

The benchmark 30 year refinance FRMs at PHH have been offered at 3.50% today yielding an APR of 3.723%.  Popular 15 year refinance fixed rate mortgages have been listed at 2.75% at the bank and APR of 3.239%.  The 7 year refinance ARM deals are being offered for 2.625% today with an APR of 3.141%.  

Related to the market discussion, this particular bank’s stock moved higher to 11.26 up +0.31%.