Wells Mortgage Rates August 16, 2010
Wells Mortgage rates are still at record lows. Mortgage rates at Wells Fargo and other bank mortgage lenders started down the road to historic low levels last month and there doesn’t appear to be any barriers that will prevent these rates from remaining low in the near future.
Wells Fargo is one of the nation’s largest bank mortgage originators by volume. But even with ever lower mortgage rates it is unlikely that the banks’ mortgage volume will increase measurably. A number of potential home loan borrowers appear to be waiting to see what is going to happen in the housing markets with regards to price as well as the mortgage market before committing to a new home loan.
Of course, for those potential mortgage loan borrowers that are in need of a loan to buy a house or may qualify for a refinance this is a great time to take advantage of the lower mortgage rates while they are here.
Wells Mortgage offers a variety of home loan products with competitive mortgage rates including FHA loans. FHA loans are still available from Wells with low down payment requirements as well as flexible income, debt, and credit requirements.
Current Wells Mortgage rates include:
30 year fixed mortgage rate of 4.50% with 1.0 point and a 4.656% APR.
15 year fixed mortgage rate of 3.75% with 1.0 points and an APR of 4.017%
FHA mortgage rates from Wells include the 30 year at 4.50% and 1.0 point for a 4.848% APR. A 5 year ARM under the FHA program is at 3.125% and 1.0 point and a 2.695% APR.
The 5 year conventional ARM is priced at 2.875% with 1.0 point resulting in a 3.263% APR.
Wells Mortgage rates listed are for California properties. Wells Mortgage rates are available on a number of different loan products as well as with a number of additional point and rate options.
The Wells mortgage rates listed are current as of this publication date but are subject to change by the bank. The mortgage interest rates and costs were based on a loan amount of $250,000.00 with a 20% or greater down payment for a single family owner occupied property. All home loans and mortgage rates require bank approval.
While the Wells Mortgage rates listed are CA mortgage rates, Illinois mortgage rates were same on the fixed rate products as were the mortgage rates in MA, FL mortgage rates, AZ mortgage rates, IN mortgage rates, TX mortgage rates, PA mortgage rates and OH mortgage rates. These are just a sample of the mortgage rates by state or region.
For more mortgage rate information, a Wells Mortgage representative can be reached at 877-937-9357.
AZ Mortgage Rates June 2010
There are many mortgage options and mortgage rates available in Arizona. Finding and comparing all of the AZ mortgage rates and programs can be a daunting task. With mortgage rates dropping to record lows across the nation, Findlocalmortgagerates.com survey takes a look at the local mortgage rates in Arizona compared to the national mortgage rates.
Every borrower’s situation regarding a mortgage loan is different, by researching the mortgage rates and home loan products at a variety of mortgage lenders a borrower can find the best home loan to meet their individual requirements.
Today’s mortgage rates come from two of the top 25 largest banks in Arizona, First Arizona Savings and FirstBank of Arizona and two of the top largest bank mortgage lenders in the nation, SunTrust Mortgage and Chase Mortgage.
FirstBank has over 130 bank branch locations in Arizona, California and Colorado. A 30 year fixed rate mortgage in AZ from FirstBank has a mortgage rate of 4.625% with 1.0 point and an APR of 4.754%. The 15 year mortgage rate in Arizona at FirstBank is at 4.25% with 1.0 point and an APR of 4.449%.
First Arizona Savings is headquartered in Arizona with bank branch locations in North and South Scottsdale, Glendale, Kingman, Bullhead City, Lake Havasu City and Fort Mohave. The 30 year mortgage rate from First Arizona Savings is at 4.625% with 1.125 points and an APR of 4.753%. The 15 year mortgage rate at First Arizona Savings is at 4.500% with no points and a 4.552% APR.
The Chase Mortgage rate in Arizona for a 30 year fixed is at 5.125% with .375 points and an APR of 5.230%. The 15 year Chase Mortgage rate is 4.625% with 0.25 points and an APR of 4.783%.
The SunTrust Mortgage rate on a 30 year fixed rate home loan is 4.375% with 1.375 points and an APR of 4.523%. The SunTrust Mortgage rate on a 15 year fixed rate home loan is 3.875% with 1.125% and an APR of 4.091%.
The key for new home loan borrowers is to find a competitive mortgage rate with low closing costs combined with timely service from the bank or mortgage lender.
The Arizona mortgage interest rates, annual percentage rates and discount points shown are subject to change without notice. Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history and are based on an owner occupied property with a down payment of 20% or greater. Actual fees and mortgage rates in AZ will be based on the credit history of the applicant, the borrower’s income and assets as well as the property type, location and other factors.
The bank mortgage lenders listed can be reached at the following toll free numbers:
First Arizona Savings can be reached at 800-280-2800
FirstBank mortgage department can be reached at 866–964–2040
Chase Mortgage can be found at 800-873-6577
SunTrust Mortgage customer service is available at 800-634-7928