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.
Compare California Mortgage Rates
With mortgage rates in California dropping to record lows more consumers are searching and comparing mortgage rates in CA to calculate the costs of home ownership and refinances for existing home loans. With home prices down and rates at historic lows, the costs of home ownership has continued to fall. With these current low mortgage rates in CA, refinancing a home loan can be an excellent way to shorten the term of a loan or simply take advantage of a lower interest rate.
In order to facilitate home loan shopping, Findlocalmortgagerates.com has surveyed four bank mortgage lenders in California to compare mortgage rates quickly and easily. Two of the largest U.S bank mortgage lenders and two of the largest California based bank mortgage lenders were included in the survey. The CA mortgage rates in the survey came from Bank of America and Wells Fargo representing two of the top five largest banks in the nation and California Bank and Trust and Citizens Business Bank, the 9th and 13th largest California based banks.
Citizens Business Bank offers a 30year fixed rate mortgage in California at 4.34% with 1.0 point and a 4.458% APR.
The bank offers the 15 year term mortgage with a rate of 3.875% and .625 points for a 4.024% APR.
California Bank & Trust promotes a 30 year mortgage rate at 4.25% with .375 points with an APR at 4.305%
The 15 year mortgage rate in CA from California Bank & Trust is at 3.75% with .375 points and a 3.843% APR.
Bank of America mortgage rates in CA for the 30 year is at 4.625% with .875 points resulting in a 4.726% APR and a 15 year mortgage rate in CA at 3.875% and 1.125 points for a 4.089% APR.
Wells mortgage rates in CA includes the 30 year with a rate of 4.50% with 1.0 point and a 4.644% APR and 15 year mortgage rate at 3.75% also with 1.0 point and an APR at 3.997%.
The mortgage rates in CA listed are for loan amount of $350,000.00 with a 25% down payment on a single family owner occupied property. All loans and mortgage rates are subject to bank underwriting and bank approval. Mortgage rates are current as of this publication date but are subject to change at anytime.
These are just a few of the mortgage programs and mortgage rates available. Which option is best for any individual borrower depends on their own specific goals and needs.
California Bank & Trust has over 105 bank branches in CA. California Bank & Trust is a subsidiary of Utah-based Zions Bancorporation California Bank & Trust mortgage department can be reached at 800-850-8690.
Citizens Business Bank has 41 business financial centers plus 5 commercial banking centers in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California. Citizens Business Bank mortgage services can be reached at 877-207-9827.
Wells Fargo mortgage loan officers are available at 877-937-9357.
Bank of America mortgage customer service is at 800-586-9861.