With official industry reports once again showing notable hikes in nation average interest rates when compared week on week, the only fractional movement at Wells Fargo (NYSE:WFC) appears to be upward in nature. Nevertheless, having only recently moved away from generation lows across home purchase packages, the chances of excellent value for money being wiped of the cards in the near future are rather slim to say the very least.
For today at least however there can be no disputing the value on offer, with the likes of the 30 year fixed rate home purchase loan holding steady at 3.875% and carrying APR of 4.054%, while 15 year alternatives on the other hand can be taken out for 3.000% and APR of 3.312%.
30 year fixed rate loans for larger amounts in eligible areas are being offered at 4.000% and APR of 4.130%, while standard Jumbo loans over 30 years are now at 4.125% and APR of 4.256%.
In the case of adjustable home purchase loans, the 5 year ARM can be taken out beginning at 2.125% and bringing an APR of 3.113% variable, while FHA 5 year ARM borrowers will be offered at 2.750% to begin and APR of 2.999% variable.
Excellent value across the board to say the very least, though with additional rises appearing to be inevitable as the early stages of 2012 continue, time may be at last running out for those wishing to secure some of the best deals the industry has ever seen.
