Wells Fargo (NYSE:WFC) once again offering an excellent and comprehensive range of mortgage deals for those looking to purchase a new of used home, though the minor but notable rises have indeed continued. Needless to say, the rates on average are creeping further and further away from the all time record lows of last week, but there is still plenty of time to pick up a bargain.
30 year fixed rate deals are today being offered with an interest rate of 4.250% and an attached APR of 4.433%, while the popular 15 year term for those looking to clear their balance early is at 3.250% which amounts to an APR of 3.565%.
For larger loan amounts in eligible areas, the 30 year fixed term is today available for 4.375% with an APR of 4.508%, while the 5 year ARM for larger loans is at 2.625% with an APR of 3.075%.
30 year fixed Jumbo loans are being advertised with an interest rate of 4.625% with an APR of 4.760%, while the 5 year ARM for Jumbo loans is today at 2.875% with an APR of 3.126%.
The record low interest rates seen last week appear to well and truly be a thing of the past as a number of consecutive increases are set to continue across the board. However, this does not take away from the fact that most products are still at incredibly low levels and there is more than enough opportunity to secure an excellent deal for those who act fast.