Standard 30 year loan interest rates are on the books at 4.875% at Wells Fargo (NYSE:WFC) yielding an APR of 5.144%. The typically lower FHA 30 year mortgage interest rates can be had for 4.500% yielding an APR of 5.746%. 15 year FRMs start at 4.000% today carrying an APR of 4.344%.
As far as ARMs go, 5 year interest rates can be had for 3.625% at Wells with a starting APR of 3.371% which will change as interest rates adjust. The 5/1 FHA ARM loans are being offered for 3.250% with an APR of 3.718%.
Latest Refinance Mortgage Rates
Standard 30 year refinance FRM interest rates are available starting at 4.75% at Wells carrying an APR of 4.837% today. The best 30 year refinance FHA loan deals at the bank are published at 4.5% today and an APR of 6.09%. The typically higher interest jumbo 30 year refinance mortgage interest rates at the bank are being quoted at 4.5% and an APR of 4.528% today.
Large (in eligible areas) 30 year refinance FRMs are 4.75% and an APR of 4.793%.
Large (in eligible areas) 30 year FHA refinance loans are being quoted at 4.625% and APR of 6.168%.
15 year refinance loan interest rates have been published at 3.875% and APR of 4.023% today. 5/1 ARM interest rates at Wells Fargo are 3.5%. carrying an APR of 3.171%. The 5 year refi Adjustable Rate Mortgages are available starting at 3.25% and APR of 3.968%. 5/1 refi Jumbo ARMs are coming out at 3.125% showing an APR of 2.987%. Large 30 year refinance ARMs stand at 3.75% and APR of 3.219%.
Mortgage interest rates sometimes move with MBS’s that follow stock market motions.
Market and Mortgages
Stock markets went down in today’s trading leaving the DJIA at 15,337.70 up -0.73%.
Today’s rates at the bank did not move along with the DJIA. More specifically, the banks stock moved higher to 43.06 up +0.07.