Home Mortgage Rates Wells Fargo
What are the current home mortgage rates? Wells Fargo has several options for customers to choose from. Best of all the current rates are less than they were just 2 weeks ago. Now could be the right time to lock into a rate for that all important home purchase.
Currently for today the posted rates are as followed for 8/14/09. For the standard size conforming loans, the 30 year fixed interest mortgage is at 5.125% with an APY of 5.318%. The 15 year fixed interest is at 4.500% with an APY at 4.826%. The 5 year ARM or adjustable interest rate mortgage is presently at 4.000% with an APY at 3.937%. For a larger conforming loan in eligible areas, there is offered the 30 year fixed interest loan at 5.375% with an APY of 5.516% and the 5 year ARM is at 4.250% with an APY of 3.979%.The jumbo mortgage does have higher interest rates but the loans are larger. The 30 year fixed interest on the jumbo is at 6.250% with an APY of 6.399% and the jumbo 5 year ARM is at 5.250% with an APY of 4.353%.
Also available at Wells Fargo are FHA loans. The current 30 year fixed interest is set at 5.500% with an APY of 6.245%. The 5 year ARM is at 4.000% with an APY of 3.536%. They also offer a larger loan amount in eligible areas with a 30 year fixed at 5.625% and an APY of 6.319%. There is no jumbo loan offer thru the FHA.
When choosing a financial institution for that all important home mortgage rates, Wells Fargo has a long history of stability and fairness to be considered. Current rates can be checked at Wells Fargo online banking 24/7.