Wells Fargo Publishes October 2, 2013 Mortgage Rates

Wells Fargo Publishes October 2 2013 Mortgage RatesThe day started at Wells Fargo when they published their version of the daily interest rate by lenders for mortgage rates available at each individual bank. Wells Fargo lists their refinance rates based on, “The refinance of a single-family, primary residence, That you pay 1% of your loan amount toward the loan origination charge, and a 60-day interest rate lock-in period.”

The 30 year Fixed Rate Mortgage stayed at the same rate from yesterday at 4.375% along with an APR of 4.547%. FHA also released their version at 4.250% with a corresponding APR of 5.766%. For the 30 year category, it has been found that both rates have not changed in recent days at all.

Today we see the 15 year Fixed Rate Mortgage being made available at an interest rate of 3.500% along with the corresponding 3.795% APR.

Both the 30 year and 15 year Fixed Rate Mortgage rates performed equally by not making any positive or negative change today.

As we move on to the adjustable rates available at the bank today, the 5 year adjustable rate mortgage is listed at 3.125% with an equivalent APR of 3.120%. These figures show no change from the day before.

Meanwhile, the FHA listed their 5 year rate at 3.250% while carrying an APR of 3.902%.

Adjacent to the rates mentioned above, Wells Fargo also published refinance rates. The 30 year refinance is listed at 4.375% with a corresponding 4.503% APR. The FHA also made their listing available for the 30 year refinance rate at 4.250%, with an APR rate of 5.719% for the day.

Also published today was the 5 year refinance ARM which can be seen listed at 3.375%. In contrast to that figure, there is also the APR for the 5 year refinance ARM, and that is being listed at 3.168% today.

The banks website also offers a handy purchase rate calculator tool which can be accessed from the mortgage rate page. Wells Fargo offers an easy online submission form for consultations which you simply have to fill out.

Or, you can contact your local branch directly and set up an appointment with a mortgage specialist.

Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.

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About the author

L.J is a contributor covering financial mortgage rates. A freelance writer for various online publications with a great interest in real estate investment.