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Mortgage Rates from Wells Fargo Bank: 30 Year Mortgage Rates at 4.625%
 

Mortgage Rates from Wells Fargo Bank: 30 Year Mortgage Rates at 4.625%

Wells Fargo Bank, one of the largest home loan lenders in the U.S  is still offering some of the best mortgage rates today. Last year when we first reported on Wells Fargo Bank's mortgage rates 30 year conforming rates were being offered at 5.13%. At the time that was one of the lowest mortgage rates available.

Since that time the bank's mortgage rates have gone even lower since rates in general have gone down since 2010. Current mortgage rates on 30 year home loans are being offered at 4.625%. 30 year FHA mortgage rates are even lower at 4.50%. Both these rates are below the current national average rates. Other current mortgage rates offered at the bank include 15 year fixed mortgage rates currently at 3.75%.

The bank's adjustable mortgage rates are even lower than they were last year at this time. Today's 5 year adjustable mortgage rates are advertised at 3.00%, last year at this time the bank offered rates 5 year ARMs at 3.56%. 5 year FHA adjustable mortgage rates are offered at 3.25%, last year rates on 5 year FHA ARMs was 5.34%.

Larger conforming home loans (super conforming) are also some of the best rates available right now. 30 year fixed super conforming mortgage rates are advertised at 4.625% and 30 year fixed FHA super conforming mortgage rates are offered at 4.50%.

If you're looking for a jumbo loan the bank's jumbo mortgage rates are also very competitive. Current jumbo mortgage rates on 30 year loans are at 5.125%. Jumbo adjustable mortgage rates on 5 year jumbo ARMs are advertised at 3.625%. I doubt you can get an adjustable jumbo mortgage rate lower than that rate.

Bank interest rates change constantly. A current list of Wells Fargo Bank's mortgage rates can be found at wellsfargo.com.

Author: Monica Harris
May 13th, 2011