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.
Michigan Mortgage Rates June 1, 2010
To choose a home loan in Michigan, prospective borrowers have a number of different options to choose from. To help find the loan that’s best suits an individual’s need, a good starting point is to evaluate the mortgage rates in Michigan from local mortgage lenders and some of the largest mortgage lenders in the U.S. From here the home loan search can be quickly narrowed in on the mortgage rate and costs and quick phone call can help decide which mortgage lender in Michigan offers the right level of service.
Today’s mortgage rate survey from Findlocalmortgagerates.com involves the Michigan mortgage rates from two large local mortgage lenders, Isabella Bank and Monroe Bank and Trust, as well as mortgage rates in Michigan from two of the largest bank mortgage lenders, Bank of America and Chase Bank.
The following list contains the results of the mortgage rate survey form these four banks for home loans in Michigan for a 30 year mortgage and 15 year mortgage for a $225,000 home loan amount with a 20% down payment.
Isabella Bank offers a 30 year fixed rate mortgage with a mortgage rate of 4.875% with zero points and a 4.997% APR.
A 15 year home loan from Isabella Bank has a mortgage rate of 4.25% with no points with an APR of 4.332%.
Monroe Bank and Trust offers a 30 year mortgage rate in Michigan at 4.875% with no points for a 5.003% APR.
The 15 year fixed rate mortgage with Monroe Bank and Trust is at 4.375% and no points with a 4.486% APR.
Bank of America 30 year mortgage rate is currently at 4.875% with 0.625 points and an APR of 4.977%.
The 15 year mortgage rate from Bank of America is at 4.125% with 1.5 points and a 4.43% APR.
Chase Bank, the largest US bank, offers a 30 year mortgage in Michigan with a mortgage rate of 5.00% with 0.125 points and a 5.16% APR.
A 15 year mortgage rate from Chase Bank is at 4.375% with 0.25 points and a 4.54% APR.
Mortgage interest rates in Michigan listed and/or points are subject to change without notice, and may vary based on credit profile of the borrower, the loan amount, property type and other characteristics of the loan request.
Review the current mortgage rates and costs with the lender before committing to a final loan request. Actual closing costs should be provided through a Good Faith Estimate within three business days of the application being submitted to any of these mortgage lenders.
Additional mortgage rates and point options are available from these lenders in Michigan, the following contact numbers can be used to reach the banks listed to find more about their home financing options:
Isabella Bank 800- 651-9111
Isabella Bank was founded in 1903 and has 24 bank branch locations throughout Mid-Michigan.
Monroe Bank and Trust mortgage representatives can be reached at 734-242-2204 or the bank’s customer service number at 800-321-0032
Monroe Bank and Trust is a full service bank with branch locations throughout Monroe and in Bedford, Carleton, Dundee, Erie, Flat Rock, Ida, Lambertville, Milan, Newport, Northville, Petersburg, Plymouth, Taylor, Temperance, Trenton and Wyandotte.
Bank of America mortgage department can be reached at 800-551-7975.
Chase Bank mortgage can be contacted at 800-873-6577.
For information on Chase Bank or Bank of America ceritfictae of deposit rates please visit our affiliate publication, www.selectcdrates.com under Bank of America CD rates and Chase Bank CD rates. For information on the credit cards offered by these banks visit www.bestcreditcardrates.com under best credit card rates.