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Wells Fargo Makes Minor Changes to its Mortgage Home Loan Rates (December 10, 2013)

Wells Fargo Makes Minor Changes to its Mortgage Home Loan Rates (December 10, 2013)

Business

Wells Fargo Makes Minor Changes to its Mortgage Home Loan Rates (December 10, 2013)

Wells Fargo Makes Minor Changes to its Mortgage Home Loan RatesWells Fargo (NYSE: WFC) made minor adjustments to its home loan rates on December 10, 2013.

As per the new mortgage information published by the bank today, the standard 30 year fixed rate mortgage loans can be procured by bearing an interest charge of 4.750% and an APR yield of 5.015%. The relatively shorter, 15 year FRM deals can be had at an interest rate of 3.875%, which is backed by an APR yield of 4.217%. Moreover, the FHA approved, 30 year FRM loans can also be found listed in the bank’s portfolio against a lending charge of 4.250% and an APR yield of 5.486%.

For the borrowers interested in having more flexibility in terms of home loan rates, the bank provides 5 year adjustable rate mortgage loans at a rate of 3.625% and an APR yield of 3.371% to start with. However, the 5 year FHA backed ARM loans can be obtained at a rate of 2.875% and a better APR yield of 3.542%.

In the refinancing playground, the customers can find the 30 year FRM loan options listed at a rate of 4.750% and yielding an APR of 4.837%. On the other hand, the short term, 15 year refinancing fixed rate home loans can be acquired at a rate of 3.875%, along with enjoying an APR yield of 4.023% today.

The FHA insured 30 year refinancing fixed rate mortgage home loans can be procured by bearing an interest charge of 4.625% and an APR yield of 6.217%. For the borrowers, who want to fulfill their expensive dreams, the bank provides 30 year jumbo refinancing loans at an interest cost of 4.375% and an APR yield of 4.403%.

In the unique lending category, Wells Fargo provides large 30 year refinancing fixed rate mortgage loans in the selected areas at an interest rate of 4.750% and an annual yield of 4.793%. The FHA insured versions of a large 30 year refinancing FRM loans are also available at a lending rate of 4.625% and a higher APR yield of 6.168%.

When it comes to flexible rates of interest, the borrowers can find 5 year refinancing adjustable rate mortgage loans listed at a rate of 3.500% in the banks’ books, which come along with an APR yield of 3.171%. The FHA backed, 5 year refinancing ARM deals stand quoted at a rate of 3.250% and an APR yield of 3.968%. As far as the 5 year jumbo refinancing ARM home loans are considered, the prospective borrowers can obtain them at a rate of 2.875% and enjoy an APR yield of 2.901 to start with.

Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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