Wells Fargo mortgage rates are up this week. Prices of mortgage-backed securities have steadily decreased over the past 4 weeks sending mortgage rates which move their opposite up. A few weeks ago Wells Fargo was slightly above the available par rates on their 30 year fixed mortgages. Par rates are lowest available interest rates.
Today’s Wells Fargo 30 year fixed mortgage rates vary depending on program.
Today’s Wells Fargo conforming 30 year fixed rate is 5.25%, an 1/8 above the lowest available rate of 5.125%, not bad.
Wells Fargo jumbo mortgage rates are better if you compare them to par rates. Wells Fargo’s jumbo 30 year fixed mortgage rate is 5.75%, setting the standard for jumbo 30 year fixed rates.
Wells Fargo’s FHA 30 year fixed rate though is bad. At 5.5% Wells Fargo’s 30 year fixed FHA rate is almost .50% above what’s available. Wells Fargo’s 5/1 ARM FHA rate though is excellent and maybe the best on the market at 4%.
Wells Fargo’s 15 year fixed mortgage rate today is 4.75%, about 1/4% above what’s available.
It’s become quite obvious to us, Wells Fargo mortgage has their strengths and weaknesses. Besides the FHA 30 year fixed Wells Fargo doesn’t have bad mortgage rates. If you’re looking FHA and 30 year fixed you’ll probably want to go somewhere else with your business. If you’re going FHA and 5/1 ARM then Wells Fargo is the place to be.
Below is a table with Wells Fargo mortgage rates today.
| Product | Interest Rate | APR |
|---|---|---|
| Conforming and FHA Loans | ||
| 30-Year Fixed | 5.250% | 5.444% |
| 30-Year Fixed FHA | 5.500% | 6.245% |
| 15-Year Fixed | 4.750% | 5.078% |
| 5-Year ARM | 4.125% | 3.738% |
| 5-Year ARM FHA | 4.000% | 3.460% |
| Larger Loan Amounts in Eligible Areas – Conforming and FHA. | ||
| 30-Year Fixed | 5.375% | 5.516% |
| 30-Year Fixed FHA | 5.375% | 6.056% |
| 5-Year ARM | 4.500% | 3.826% |
| Jumbo Loans – Amounts that exceed conforming loan limits | ||
| 30-Year Fixed | 5.750% | 5.895% |
| 5-Year ARM | 5.000% | 4.012% |
source: https://www.wellsfargo.com/mortgage/rates/
Use of this article without permission is a violation of federal copyright laws.
On April, 05 2010, MI will be boosted to 2.25 and minimum credit scores will be raised. Read about this and other 
Interested to know if we offer mortgage leads? Need FHA leads? Get information on FreeRateUpdate.com 
Supreme Lending offers a first class