Current Mortgage Rates at Wells Fargo
Current Mortgage Rates at Wells Fargo Standard 30 year loan interest rates have been quoted at 3.500% at Wells Fargo (NYSE:WFC) today with an APR of 3.834%. 30 year FHA loan interest rates have been listed at 3.250% carrying an APR of 3.930%.
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Tougher Rules for Adjustable-Rate Mortgages
New mortgage rules the Consumer Financial Protection Bureau announced last week will change how lenders choose if borrowers qualify for adjustable-rate mortgages. The "ability to repay" rule, which goes into effect in January 2014, requires lenders to …
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Low mortgage interest rates could head upward in late 2013
Increasing interest rates, more people refinancing homes into 15-20 year mortgages and more first-time home buyers are some trends officials in the home-buying field are predicting for 2013. Increasing interest rates, more people refinancing homes into …
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Lenders Loosen Up : Mortgage Approval Rate Climbs 11%
As the U.S. economy has improved, mortgage lenders are no longer tightening their respective lending guidelines. New loan programs with looser, simpler rules have been introduced and, in many cases, the steps required for a home loan approval are more …
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Should Borrowers Pay More Mortgage Points?
That hypothetical borrower with the 3.75% mortgage rate on a 30-year, $ 1 million mortgage will save about $ 143 a month and end up with a roughly $ 4,630 monthly payment. Longer term, that amounts to a savings of nearly $ 51,500 in interest payments over …
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