Freerateupdate.com » wells fargo fha mortgage rates http://www.freerateupdate.com Tue, 22 May 2012 19:56:28 +0000 en hourly 1 http://wordpress.org/?v=3.1 Wells Fargo Mortgage Rates – FHA 5/1 ARM at 3.75% http://www.freerateupdate.com/wells-fargo-mortgage-rates-fha-51-arm-at-3-75-jumbo-30-year-fixed-at-5-75-wow-2746 http://www.freerateupdate.com/wells-fargo-mortgage-rates-fha-51-arm-at-3-75-jumbo-30-year-fixed-at-5-75-wow-2746#comments Tue, 26 Jan 2010 18:27:05 +0000 Ed Ferrara http://www.freerateupdate.com/?p=2746 Wells Fargo conforming 30 year fixed mortgage rate is 5.000% (APR 5.191%) which is always very competitive with other lenders. That is .500% below FHA’s 30 year fixed mortgage rate which is 5.500% (APR 6.235%). With enough funds, a good credit score and qualifications that will give you lender approval, the conforming mortgage is sure to be more appealing to borrowers. Since FHA mortgages cost a little bit more at closing with the inclusion of the upfront mortgage insurance premium, qualified borrowers will normally choose conventional mortgages. The conforming 15 year fixed mortgage rate is 4.375% (4.700% APR) which is something to consider if you are interested in reducing the term of the existing mortgage and saving overall interest. If you are looking for an FHA loan, Wells Fargo’s FHA 5/1 ARM rate today is excellent. At 3.75% with a low APR, Wells Fargo may just have the best deal on an FHA 5/1 ARM in the business. Their FHA 5/1 ARM is an 1/8% below their conforming 5/1 ARM rate which isn’t lacking. The conforming 5 year adjustable mortgage rate is 3.875% (APR 3.564%).

Another program Wells Fargo knocks it out the box on is their jumbo 30 year fixed rate. Wells Fargo offers a true jumbo loan, fixed for 30 years, at 5.75% with a 5.895% APR. If you are looking for short term financing, Wells Fargo also offers a jumbo 5 year adjustable mortgage rate at 5.000%. Usually, borrowers who are temporarily relocating, possibly due to a change in employment, or just do not want to make monthly payments on the higher mortgage rates, are interested in adjustable rate mortgages. Although adjustable rate mortgages are not for everyone, they still serve their purpose for those who fully understand that they change somewhere along the line. For rates on your website or blog try our mortgage rate widget.

Below is a table of Wells Fargo mortgage rates today.

as of 01/26/2010 12:00 PM Eastern
Product Interest Rate APR
Conforming and FHA Loans
30-Year Fixed 5.000% 5.191%
30-Year Fixed FHA 5.500% 6.245%
15-Year Fixed 4.375% 4.700%
5-Year ARM 3.875% 3.564%
5-Year ARM FHA 3.750% 3.267%
Larger Loan Amounts in Eligible Areas – Conforming and FHA.
30-Year Fixed 5.125% 5.264%
30-Year Fixed FHA 5.250% 5.924%
5-Year ARM 4.250% 3.652%
Jumbo Loans – Amounts that exceed conforming loan limits
30-Year Fixed 5.750% 5.895%
5-Year ARM 5.000% 3.930%

Source: wellsfargo.com

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