Wells Fargo Mortgage Rates: Minor Fluctuations in Home Loan Interest Rates

October 29, 2011 / Russell Legato, Residential Property Analyst

With a week that has brought along a number of only the most fractional fluctuations in mortgage rates across the board, Wells Fargo (NYSE:WFC) is again entering the weekend by offering a supers collection of mortgage packages for home purchase, which although far from the all time record lows seen a few weeks ago are still excellent value for money.

Wells Fargo Mortgage Rates: Minor Fluctuations in Home Loan Interest Rates

First drawing attention to the most popular fixed rate deals available to be locked in with Wells Fargo today, the 30 year deal is being advertised for 4.375% and APR amounting to 4.559% ,while those looking to secure the 15 year contract are today able to do so for 3.625% and APR amounting to 3.943%.

Popular 30 year fixed rate Jumbo loans are now being offered for 4.750% and APR of 4.886%, while on the other hand, certain larger loan amounts in eligible areas are being advertised for 4.375% and APR of 4.508%.

Among the many adjustable options of interest today, the 5/1 ARM can be taken out with a starting interest rate of 2.500% and APR of 3.078% variable, while the FHA 5/1 ARM has remained attractive at 3.000% and an APR of 3.113% variable.

Unfortunately for some, the minor increases seen over recent days are expected to continue for the coming days and weeks, therefore those waiting for the very best deals for their own purchases are being advised to act now in order to avoid missing out.

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