Wells Fargo (NYSE:WFC) is one of many US lenders which is offering a range of purchase packaged today that are generally close to national averages, which although are somewhat up on those seen last week, still offer excellent value for money across the board.
For those looking to take out a loan to purchase a new or used home, the standard 30 year fixed term purchase deal is being advertised this Tuesday for 4.250% which amounts to an APR of 4.433%, while the alternative 15 year fixed term deal can be taken out for 3.375% with an APR of 3.691%.
30 year fixed term loans of a larger amount in certain areas are available for 4.375% with a resulting APR of 4.508%, while the 30 year fixed Jumbo loan term is at 4.750% and an APR of 4.886%.
Adjustable terms are also available, including the 5 year ARM which is today at a starting rate of 2.625% and a 3.122% APR.
As can be seen across most major lenders today, rates for purchases are still highly competitive, though certainly not to the extent of the record lows seen over the past couple of weeks.