Kirk's Market Thoughts: Wells Fargo Bank Mortgage Rates

Monday, November 30, 2009

Wells Fargo Bank Mortgage Rates - Wachovia Too

Wells Fargo Bank: Home Mortgage Lending Rates at Wells Fargo and Wachovia Banks.

Interest rates are very low. If you have good credit, then now is an excellent time to lock in a long-term loan at favorable rates. If interest rates soar, then you are hedged for inflation since you can replay the loan with depreciated dollars.

Conforming Loans
(For Loans over $417,000)

-- Product         Rate    APR
30-Year Fixed     4.750%  4.939%
30-Year Fixed FHA 5.000%  5.717%
15-Year Fixed     4.250%  4.573%
5-Year ARM        3.750%  3.601%
5-Year ARM FHA    3.625%  3.208%

Rates as of Nov 30 2009 06:50 AM

Jumbo Loans
(For loans over $417,000)

-- Product      Rate    APR
30-Year Fixed  5.750%  5.895%
5-Year ARM     5.000%  4.012%

Rates as of Nov 30 2009 06:50 AM

(Wells Fargo Bank bought Wachovia bank which bought World Savings Bank)

For current rates and to view in table form, see