Mortgage Rates Today: Wells Fargo Purchase Rates Start the New Week Strongly

October 10, 2011 / Russell Legato, Residential Property Analyst

Wells Fargo (NYSE:WFC) is today continuing in the same manner the previous week ended, by offering a strong and varied range of mortgage package with excellent value for money. Minor rises have occurred over the past few days, though none significant enough to signal the end of a truly golden period for purchase mortgage deals to be locked in.

Mortgage Rates Today: Wells Fargo Purchase Rates Start the New Week Strongly

As of today, the 30 year fixed rate deal for purchases of new and used homes is being advertised for 4.250% with a resulting APR of 4.433%, while the popular 15 year option on the other hand is now at 3.375% and an APR of 3.691%.

The 5 year ARM for purchases is available for 2.625% and a starting APR of 3.122%, while the 30 year fixed term option for Jumbo loans is at 4.750% and an attached APR of 4.886%.

30 year fixed terms for larger loans in certain areas can also be arranged with an interest rate of 4.375% and a 4.508% APR.

Like most major lenders across the US today, Wells Fargo is offering packages with minor fluctuations in both directions, though across the board the package on offer are among some of the very best seen in decades.

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