Wells Fargo Mortgage Rates: Refinance Deals of Unexpected Strength Once Again

November 02, 2011 / Russell Legato, Residential Property Analyst

Contrary to the most educated and indeed realistic of predictions across the board, Wells Fargo (NYSE:WFC) is among the many US lenders today defying the odds to offer some incredibly strong refinance deals, which in most cases are identical or perhaps even lower than those of last week.

Wells Fargo Mortgage Rates: Refinance Deals of Unexpected Strength Once Again

First looking at the very best fixed rate refinance deals of this Wednesday morning, the 30 year fixed term is being offered for a rate of 4.25% and yields an APR of 4.639%, while shorter 15 year fixed rate refinances are now at 3.375% and APR of 3.893% variable.

In the case of the adjustable terms offering perhaps the best value of all today, the standard option of the 5/1 ARM can be taken on with a starting interest rate of 2.625% and APR figure of 3.370%, while the popular FHA 5/1 ARM for refinances can be taken on for 2.875% and an APR of 2.758% variable.

As is generally the story across the board today, the potential for savings are abundant and large to say the very least, once again serving as an excellent incentive for current loan payees to consider just how much they could save by making the switch before the opportunity expires once and for all.

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