Today’s Wells Fargo mortgage rates are far more competitive than when we researched them weeks ago. Weeks ago mortgage rates were at record lows, yet today Wells Fargo mortgage rates are the same. Maybe their strategy is to just told them steady no matter what’s going on? That seems to be the case. Wells Fargo which was well above the verified par rates before is very close to offering the lowest rates available. Today’s par rate for instance on a 30 year fixed conforming mortgage is 4.75%, with many lenders offering higher rates than that. Wells Fargo’s conforming 30 year fixed rate today is 4.875%, not bad. Even more competitive is Wells Fargo’s 15 year fixed mortgage rate of 4.25%. That’s right in line with the best wholesale mortgage lenders, yet you can do business face to face with your local banker. Also as good as you’re going to find is Wells Fargo 5/1 ARM rate of 3.75%. 3.75% for a conforming or FHA 5/1 ARM is excellent.
Wells Fargo FHA 30 Year Fixed Rate
Speaking of FHA, Wells Fargo’s 30 year fixed FHA rate of 5% is awesome. Despite mortgage rates climbing about 1/4% Wells Fargo has kept their 30 year fixed FHA rate the same.
Wells Fargo Jumbo 30 Year Fixed Rate
Wells Fargo’s jumbo 30 year fixed rate of 5.75% is awesome. If you’ve got a jumbo loan we suggest Wells Fargo all the way. There are quite a few lenders offering 6% currently on jumbo 30 year fixed mortgages.
| Product | Interest Rate | APR |
|---|---|---|
| Conforming and FHA Loans | ||
| 30-Year Fixed | 4.875% | 5.065% |
| 30-Year Fixed FHA | 5.000% | 5.717% |
| 15-Year Fixed | 4.250% | 4.573% |
| 5-Year ARM | 3.750% | 3.601% |
| 5-Year ARM FHA | 3.750% | 3.342% |
| Larger Loan Amounts in Eligible Areas – Conforming and FHA. | ||
| 30-Year Fixed | 5.000% | 5.138% |
| 30-Year Fixed FHA | 5.125% | 5.794% |
| 5-Year ARM | 4.125% | 3.688% |
| 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/
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