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.
MA Mortgage Rates July 6, 2010
Obtaining the best mortgage and best mortgage rate in MA from local mortgage lenders can be simplified by comparing the mortgage rates in Massachusetts from the top bank mortgage lenders across the nations with the top local bank mortgage lenders.
Findlocalmortgagerates.com has surveyed the mortgage rates from two of the largest banks based in Massachusetts as well as two of the largest banks in the U.S. The MA bank mortgage lenders in the survey includes Rockland Trust Company which is the third largest Massachusetts based bank and Middlesex Savings Bank the fourth largest Massachusetts based bank. The biggest national bank mortgage lenders in the survey are Chase Bank and Wells Fargo.
Potential home loan borrowers in the Bay State can compare different loans by the annual percentage rate as well as the stated rate to find the best mortgage loan to meet their needs. Some Massachusetts mortgage lenders will offer loans with a low stated rate, but charge more upfront costs that will then be reflected in the APR. The mortgage loan APR includes most closing costs including origination points and fees and allows the mortgage shopper to compare these different mortgage loans offers.
Middlesex Savings Bank offers a 30 year fixed rate home loan in MA with a mortgage rate of 4.625% with no points and a 4.67% APR. Middlesex Savings Bank offers the 15 year mortgage at 4.50% and zero points for a 4.54% APR. A 30 year jumbo mortgage in MA from Middlesex Savings Bank is at 5.99% and no points for an APR of 6.02%.
Rockland Trust Company promotes the 30 year mortgage in MA with a rate of 4.25% and 1.0 point for an APR of 4.390%. The 15 year fixed rate home loan from Rockland is at 3.75% with 1.5 points and a 4.06% APR. Rockland offers a 20 year jumbo loan in Massachusetts with a mortgage rate of 4.99% and .50 points and a 5.10% APR.
Chase Bank mortgage rates in Massachusetts includes a 30 year fixed rate home loan with a rate of 5.125% and no points and an APR of 5.18%, a 15 year fixed with a mortgage rate of 4.50% with .25 points and a 4.63% APR as well as a jumbo mortgage rate in MA at 5.625% and .125 points resulting in a 5.665% APR.
Wells Fargo mortgage rates in MA include the 30 year with a rate of 4.50% and 1.0 point and a 4.686% APR, a 15 year fixed rate mortgage at 3.875% and 1.0 point with a 4.195% APR and a 30 year jumbo mortgage rate in MA from Wells Fargo is at 5.50% and 1.0 point for a 5.643% APR.
The annual percentage rates (APR) shown here assume a 20% down payment on a single family, owner occupied property. All mortgage interest rates, APRs, and points are subject to bank approval and may change without notice.
The mortgage rates in MA posted are accurate as of this publication date but may vary depending on specific attributes of an individual loan request. For current MA mortgage rates and additional loan information potential borrowers should speak directly with a bank loan officer.
Middlesex Savings Bank has 31 bank branches and 5 business-lending centers in Massachusetts and can be reached at 877-672-7654.
Rockland Trust Company has 70 bank branches, 10 commercial lending centers, four mortgage banking centers, and three investment management offices located in Massachusetts and can be reaches at 800-222-2299.
Chase Bank mortgage department is at 1-800-873-6577.
Wells Fargo mortgage representatives can be reached at 877-937-9357.