Wells Mortgage Rates August 6, 2010
Wells Mortgage rates have continued to decline to low levels across a variety of mortgage loan types and products. Average mortgage interest rates are currently at record low rates that have not been seen for 50 years. Along with the record low average rates, Wells Mortgage rates have fallen as well.
While mortgage rates from Wells Fargo and other bank mortgage lenders push down to record lows, the underwriting standards to obtain home loans for purchases and refinance transactions, unfortunately remain tight.
A 30 year fixed rate loan from Wells Fargo can be obtained with an interest rate at 4.50% while the 15 year mortgage rate at Wells can be obtained at below 4.0%.
Current Wells Mortgage rates include:
30 year fixed mortgage rate at 4.500% with 1.0 point and a 4.686% APR.
15 year fixed mortgage rate 3.750% with 1.0 point and an APR of 4.069%.
30 year fixed FHA mortgage rate is also at 4.500% with 1.0 point and a 5.233% APR.
A 5 year adjustable rate mortgage is available at 2.875% with 1.0 point and an APR of 3.291%.
A Wells Fargo jumbo mortgage rate on a 30 year term is at 5.125% with 1.0 point and a 5.264% APR.
A 5 year ARM jumbo loan has a mortgage rate of 4.250% and 1.0 point with a 3.734% APR.
The current mortgage interest rates from Wells displayed are based on home loan for a new purchase of a single family, primary residence with a minimum 20% down payment. Wells Mortgage has numerous other loan options available including different mortgage interest rates and point options for the loan program displayed.
Wells Mortgage rates displayed are current as of the date of the latest update and is subject to change by the bank without notice. All mortgage loans and mortgage rates require bank approval. Other restrictions may apply.
The adjustable rate mortgage has an initial fixed rate period after which time the mortgage interest rate can change annually and any change will impact the monthly mortgage payment.
WV Mortgage Rates July 14, 2010
Mortgage loans and mortgage rates in West Virginia are as competitive as any region in the nation. Both small mortgage lenders and the largest bank mortgage lenders in the country do business in the mountain state. By reviewing the mortgage rates of the biggest lenders as well as the local bank lenders, home loan borrowers can make the process of securing the best mortgage simple and straightforward.
Findlocalmortgagerates.com has performed a survey of two local bank mortgage lenders as well as two national banks to compare the best mortgage rates in WV. The two local bank mortgage lenders in the survey include Susquehanna Bank and WesBanco Bank. The two national banks are Wells Fargo Bank and Bank of America.
Bank of America mortgage rates in WV include a 30 year fixed rate loan with a mortgage rate of 4.875% and .875 points for a 5.00% APR, a 15 year fixed rate loan with a 4.25% rate with 1.0 point and a 4.486% APR as well as a 30 year FHA mortgage with a rate of 4.75% with 1.0 point and a 4.886% APR.
Wells Fargo mortgage rates in WV include a 30 year 4.625% with 1.0 point and a 4.812% APR, a 15 year fixed mortgage rate of 3.875% with 1.0 point and a 4.195% APR and a 30 year FHA mortgage rate of 4.625% with 1.0 point and an APR of 5.364%.
WesBanco Bank offers a 30 year fixed rate home loan with a rate of 4.625% and no points for a 4.66% APR, a 15 year home loan with a 4.00% mortgage rate and no points and a 4.061% APR as well as a 30 year FHA mortgage rate in WV of 4.50% with no points for a 5.078% APR.
Susquehanna Bank has a 30 year mortgage rate in West Virginia at 4.375% with .75 points and a 4.487% APR, a 15 year fixed rate home loan at 3.75% with .75 points for a 3.944% APR and a 30 year FHA mortgage rate of 4.25% and a .25 points yielding a 4.469% APR.
The West Virginia mortgage rates and annual percentage rates (APRs) from the bank mortgage lenders are based on a loan amount of $200,000 on an owner occupied single family home for borrowers with excellent credit score and a minimum 20% down payment.
The listed mortgage interest rates, points and APRs are subject to change without notice. Individual mortgage loan requests may vary based on the geographic location of the property as well as other factors. Additional loan restrictions may apply. All home loans are subject to bank approval.
The bank mortgage lenders listed offer a variety of additional mortgage loan programs and additional rate and point options not displayed here. The banks in the survey can be reached at the following contact numbers:
WesBanco Bank 877-682-7944
Susquehanna Bank 877-581-3743
Bank of America 800-586-9780
Wells Fargo 877-937-9357
Bank Mortgage Lender Rates in Texas
Home buyers in Texas have a wide choice of options to help finance a home purchase. To help select a bank mortgage lender in Texas, Findlocalmortgagerates.com provides the following survey of conventional and FHA mortgage rates in Texas from two of the largest bank mortgage lenders in the U.S., Bank of America and US Bank, and two Texas based bank mortgage lenders, American State Bank and Amarillo National Bank.
This survey, which includes Texas mortgage rates on 30 year conventional fixed rate home loans and FHA mortgage rates, is designed to help prospective home buyers narrow down their search for the best mortgage lender.
Buyers looking for a home loan that requires less of a down payment may want to consider an FHA mortgage but should compare both conventional and FHA loan types to determine which financing type may be the most appropriate.
An FHA insured and guaranteed mortgage loan are designed to make purchasing a home easier with more affordable down payment and cost options, especially for the first-time home buyer. FHA loans feature lower down payments and higher qualifying ratios than most conventional mortgages. There are some limits to the amount of money that can be borrowed with an FHA loan. The fixed rate loan option provides borrowers with a fixed interest rate over the term of the loan.
The results of the mortgage rate survey include:
American State Bank offers a 30 year fixed FHA mortgage rate at 4.75% with no points and an APR of 4.832%.
The 30 year conventional home loan rate in Texas from American State Bank is also at 4.75% with no points and an APR of 4.832%.
Amarillo National Bank offers a 30 FHA mortgage rate in Texas at 4.625% with zero points and a 5.042% APR.
The conventional 30 year fixed rate mortagge from Amarillo National Bank is at 4.75% with no points and a 4.786% APR.
A FHA mortgage from Bank of America on a 30 year fixed rate loan has a rate of 4.50% with 0.75 points and a 4.596% APR.
Bank of America mortgage rate in Texas on a 30 year fixed rate conventional loan is 4.75% with 1.0 point and an APR of 4.868%.
US Bank offers a 30 year FHA home loan in Texas with a mortgage rate of 4.875% and no points with an APR of 5.402%.
The 30 year conventional mortgage rate from US Bank is 4.75% with zero points and an APR of 4.815%.
All Texas mortgage rates listed are current as of this publication date but are subject to change without notice. All loans are subject to bank approval and additional conditions will apply. Not all mortgage applicants will qualify for these rates. Additional mortgage rates and point options are available from these mortgage lenders in Texas. Review the current mortgage rates and costs with each mortgage lender before committing to a final loan request.
American State Bank mortgage center can be reached at 806-767-8260. American State Bank offers mortgage loans in Texas and New Mexico.
Amarillo National Bank and an ANB Mortgage loan representative can be reached at 806-378-8000.
US Bank mortgage rate information can be obtained by calling the bank at 800-365-8544.
Bank of America Home Loans can be reached at 800-586-9861.
Current FHA Mortgage Rates April 22, 2010
The average rate for 30 year fixed rate FHA home loans were modestly lower this week based on the most recent survey of FHA mortgage lenders performed by Findlocalmortgagerates.com. The average FHA mortgage rate from the largest mortgage lenders was down by ten basis points or 10/100 of a percent for the week.
The average FHA mortgage rate this week stands at 5.05% with 0.725 points down from the prior week’s average FHA mortgage rate of 5.15% and 0.525 points.
The largest mortgage lenders in the survey includes: Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage. Of the largest mortgage lenders, three of the five reduced their mortgage rates while the other two lenders held their rates stable for the week.
The current FHA mortgage rates, points and APRs on a 30 year fixed rate loan from the top five mortgage lenders included the following:
The 30 year FHA mortgage at Bank of America Home Loans is now 4.875% with 1.0 point and a 5.021% APR. The 30 year fixed rate FHA Home loan at Wells Fargo Home Loan has a rate of 5.125% with 1.0 point and an APR of 5.897%. Bank of America reduced their rate from the previous week while Wells Fargo held their rate steady. Bank of America and Wells Fargo are by far the largest bank mortgage lenders by volume as of the close of 2009.
HSBC Mortgage has 30 year fixed rate FHA loan at 5.125% with no points and a 5.310% APR.
US Bank markets an FHA mortgage rate for a 30 year term at 5.250% and no points with a 5.792% APR.
SunTrust Bank’s 30 year FHA mortgage rate is now at 4.875% with 1.625 points resulting in a 5.484% APR.
FHA loans are available for first time buyers as well as other consumers purchasing a new home or seeking to refinance an existing home loan. FHA loans cannot be used for investment properties or second homes nor can a borrower have more than one FHA mortgage except under extraordinary circumstances.
The FHA mortgage rate survey results are based on mortgage loan amounts of approximately $200,000.00 for owner occupied, single family homes based in Illinois. The mortgage rates and points listed are current as of this publication date but are not guaranteed and are subject to change. All home loans are subject to bank or mortgage lender approval, additional conditions will apply.
For current FHA mortgage rates and loan terms from the FHA mortgage lenders listed, the following phone numbers may be used:
Bank of America 800-551-7975
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722