While millions of Americans are still toying with the decision as to whether or not to look into the refinance and new purchase options at the current rates, Wells Fargo (NYSE:WFC) is mirroring the national average by offering even more attractive deals than those seen over recent weeks.
For those looking to lock in their terms for a home purchase, 30 year fixed rate deals are today being offered at Wells Fargo for 4.0005 with an APR of 4.180%, while the popular 15 year fixed rate alternative is now at 3.250% with an APR of 3.565%.
The 5 year ARM term for home purchases is today at 2.500% with an APR of 3.078%, while the FHA 5 year ARM can be taken out for 2.875% with a resulting APR of 3.052%.
For larger loan amounts in certain areas, 30 year fixed term deals can be secured for 4.250% with an APR of 4.382%, while the 5 year ARM for larger mortgages is now at 2.750% with an APR of 3.118%.
While refinancing activity has once again shown signs of strength as more and more Americans look into the money saving options, new and used home purchases have continued their weak run and show little to no signs of regaining life in the near future.