Today’s Wells Mortgage Rates
Today’s Wells Mortgage rates remained relatively stable after the bond market gyrated rather measurably over the past week. Wells Mortgage rates are some of the lowest mortgage rates among the top bank mortgage lenders. Wells Mortgage offers competitive mortgages rates for both buying a home and refinancing an existing home loan.
With the economy failing to move measurably higher and overall inflation expectations remaining low, bank mortgage rates are expected to stay within a tight range for the near future. Unfortunately, low mortgage rates from Wells Mortgages and other bank mortgage lenders have failed to help the battered housing market after the tax credit offered by Congress expired.
The vast majority of mortgage loans originated this year by Wells Mortgage and other major bank mortgage lenders are generated toward loans that can be sold and that meet the underwriting criteria of government supported agencies of Fannie Mae, Freddie Mac and the Federal Housing Administration.
Today’s Wells mortgage rates for home loans involved on a purchase transaction that meet the criteria of FNMA, FHLMC and FHA include the following mortgage rates and terms:
30 year fixed Wells Mortgage rate is 4.375% with 1.0 point and a 4.530% APR.
The 15 year Wells Mortgage rates is 3.750% with 1.0 point and a 4.017% APR.
A 30 year fixed rate FHA home loan from Wells Mortgage is 4.375% with 1.0 point and a 4.721% APR.
The 5 year adjustable rate mortgage from Wells Mortgage has a start rate of 2.75% with 1.0 point and a 3.138% APR.
When it comes to home loans for a refinance from Wells Mortgage, the mortgage rate is slightly higher. Wells mortgage rates for refinance transactions include the following mortgage rates and terms:
Wells Mortgage rates for a 30 year fixed rate refinance is at 4.50% with 1.0 point and a 4.656% APR.
The 15 year mortgage refinance rate is 3.875% with 1.0 point and a 4.143% APR.
A 30 year FHA refinance from Wells mortgage ahs a mortgage rate of 4.50% with 1.0 point and a 4.848% APR.
The 5 year adjustable rate mortgage for a mortgage refinance is 3.00% with 1.0 point and a 3.225% APR.
Wells Mortgage interest rates will vary according to the credit score, property location, down payment, loan amount and other factors. These mortgage rates are for customers with excellent credit scores with a 20% down payment on a single family owner occupied property.
The interest rates, annual percentage rates (APRs), discount points and costs shown are subject to change without notice. The APR for individual loan requests will vary based on the final loan amount and finance charges.
For more information on Well Mortgage loan products and Wells Mortgage rates for home buying or refinance transactions, a bank loan representative can be reached at 877-937-9357.
The Wells Mortgage rates listed are for mortgage loans in California however a quick check of today’s Wells Mortgage rates indicates that the Illinois mortgage rates, Florida mortgage rates, Massachusetts mortgage rates, New York mortgage rates, Texas mortgage rates, Pennsylvania mortgage rates, West Virginia mortgage rates, Ohio mortgage rates, Michigan mortgage rates, Georgia mortgage rates, North Carolina mortgage rates, Wisconsin mortgage rates and New Jersey mortgage rates from Wells Mortgage were same for the mortgage loan products listed.
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.
Mortgage Rates in Illinois at Harris Bank
Harris Bank is a Midwest bank headquartered in Chicago, Illinois. Harris offers mortgage loans across the U.S. The bank provides mortgage loans and competitive mortgage rates in Illinois as well as other states on a variety of different home loan products.
Harris offers loans for purchasing new homes and refinancing existing home loans. Mortgage loans products include standard fixed rate home loans with different terms, adjustable rate loans with different fixed rate periods and even biweekly mortgage loan programs.
Potential home loan borrowers that are not sure about loan qualifications, Harris has a pre-approval that provides a firm loan commitment from the bank.
Current Illinois mortgage rates offered by Harris Bank include the following products, terms and mortgage rates:
30 year fixed rate mortgage has a mortgage rate of 5.125 with no points and a 5.161% APR.
The 30 year fixed rate loan with 1.0 point has a mortgage rate in Illinois of 4.875% and a 4.999% APR.
On a 15 year term, the fixed rate loan in Illinois offered by Harris has a mortgage rate of 4.500% with no points and a 4.561% APR.
With 1.0 point, the 15 year mortgage rate is 4.250% and an APR of 4.461%.
For Illinois mortgage rates with adjustable rate terms, Harris Bank offers several options.
The five year adjustable rate mortgages with a 30 year terms has a mortgage rate of 4.125% with no points and an APR of 3.510%.
The 5/1 ARM with 1.0 points has a mortgage rate of 3.75% and a 3.458% APR.
The seven year adjustable rate mortgage in Illinois has a mortgage rate of 4.625% with no points and a 3.869% APR.
With 1.0 point, the 7/1 ARM has a mortgage rate of 4.375% and an APR of 3.833%.
The listed mortgage rates in Illinois are based on a loan amount of $250,000.00 with a 20% or greater down payment for a single family owner occupied property. Other mortgage rates in Illinois and point options are available.
Illinois mortgage rates are current as of this publication, March 10, 2010 and are subject to change at anytime without notice. A home loan borrower’s final mortgage rate may vary based on the specific characteristics of their loan transaction including, but not limited to, the region where the loan is originated, any additional loans against the property, the borrower’s credit profile up to the time of closing. All mortgage loans in Illinois are subject to approval by Harris.
Harris Bank is part of the BMO Financial Group and along with mortgage loans, provides a variety of personal, business and corporate clients with banking, lending, investing and wealth management products and services.