Wells Fargo current conforming 30 year fixed mortgage rates are just below averages reported by Fannie and Bankrate.com. Wells Fargo’s current 5/1 ARM rate is as low as we’ve seen, at 3.875 percent for conforming mortgages, and 3.75 percent for FHA loans. What really stands out presently at Wells Fargo are their current jumbo mortgage rates which are very competitive.
caption id="attachment_690" align="alignright" width="150" caption="Current Wells Fargo Mortgage Rates - Competitive but not the best."
/caption
FreeRateUpdate.com shows as of Friday afternoon 5pm PST 30 Year Fixed Mortgage Rates as low as 4.75 percent are available at par. Par rates do not include additional fees such as buy down points also known as discount points.
Note – Rates have not been adjusted since the improvement in mortgage rates this past Friday afternoon.
| Wells Fargo Conforming and FHA Loan Rates | ||
|---|---|---|
| 30-Year Fixed | 5.000% | 5.191% |
| 30-Year Fixed FHA | 5.000% | 5.717% |
| 15-Year Fixed | 4.375% | 4.700% |
| 5-Year ARM | 3.875% | 3.810% |
| 5-Year ARM FHA | 3.750% | 3.342% |
| Larger Loan Amounts in Eligible Areas – Conforming and FHA.1 | ||
| 30-Year Fixed | 5.250% | 5.390% |
| 30-Year Fixed FHA | 5.250% | 5.924% |
| 5-Year ARM | 4.125% | 3.852% |
| Jumbo Loans – Amounts that exceed conforming loan limits1 | ||
| 30-Year Fixed | 5.750% | 5.895% |
| 5-Year ARM | 5.000% | 4.176% |
Source- www.wellsfargo.com/mortgage/rates
We don’t have any underwriting turn around time information on Wells Fargo but we always suggest in today’s mortgage market locking a mortgage rate for at least 45 days.
About the Author. Freelance Writer Sheldon Levene has been in the mortgage industry since 1973 working for several prominent banks as a retail loan officer before becoming director of operations at a major Southern California sub prime outfit. You can reach Sheldon by Email. 
