American mortgage payers choosing Wells Fargo (NSE:BAC) as the ideal lender to side with for a home refinance have been able to lock in some of the most incredible deals over the past weeks and indeed months, potentially saving tens of thousands of dollars in the cases of those able to qualify for the very best rates of all. Today again appears to be serving up more of the same, though with imminent hikes appearing to be more of a certainty now than at any time in 2012 so far, time may finally be running out for those procrastinating.
For today however there can be no disputing the overall level of value, with Wells Fargo offering the 30 year fixed rate home refinance loan for a low rate of 4.000% and an APR of 4.379%, while those opting for the shorter 15 year loan will be able to lock in a rate of 3.250% and an attractive APR of 3.766%.
Refinance borrowers seeking the FHA fixed rate 30 year loan on the other hand will be looking at an interest rate of 3.750%, along with a competitive APR of 4.374%.
Adjustable rate packages for refinance are largely displaying the same comprehensive strength, with the likes of the 5/1 ARM now opening at 2.500% and carrying an APR of 3.408% variable, while FHA 5/1 ARM deals are starting at a low 2.750% and yield APR of 2.705% variable.
