December Mortgage Rate Update
Posted by Stephanie Gasparovic on Wednesday, December 14th, 2011 at 3:47pm.As of Tuesday, 13th December, 2011* rates have inched up just a bit since last week.
Term | Conforming | APR | Payment per | Jumbo | APR | Payment per | |
30 yr Fixed | 360 | 4.125% | 4.250% | $4.85 | 4.375% | 4.459% | $4.99 |
15 yr Fixed | 180 | 3.375% | 3.591% | $7.09 | 3.875% | 4.021% | $7.33 |
FHA | 360 | 3.875% | 3.998% | $4.70 | % | 0.000% | $0.00 |
VA | 360 | 3.875% | 3.998% | $4.70 | % | 0.000% | $0.00 |
5-1 ARM | 360 | 2.50% | 2.613% | $3.95 | 2.75% | 2.827% | $4.08 |
USDA | 360 | 3.875% | 3.998% | $4.70 | % | 0.000% | $0.00 |
Content courtesy of
JD Terry
*Rates are subject to change due to market fluctuations and borrower's eligibility. Payment amounts do not include amounts for taxes and insurance. Actual payments will be higher.
**APR for the conforming rate is based off of a loan amount of $200,000. APR for the jumbo rate is based off of a loan amount of $500,000** **Rates are quoted based off a full documentation loan, purchase of a primary residence, middle credit score of 740, 1% Discount and no points** Information displayed is accurate as of the date of the latest update and is subject to change without notice. Loan pricing can only be locked through a home mortgage consultant. Other restrictions may apply. Due to various federal, state and local requirements, certain products may not be available in all areas. The monthly payment amount displayed includes principal and interest only. The payment amount does not include homeowner’s insurance or property taxes which must be paid in addition to your loan payment. The displayed Annual Percentage Rate (APR) for the loan products shown reflects the interest rate and approximate cost of prepaid finance charges, including 1% of your loan amount to be applied to the origination charge, but does not include other closing costs or discount points. The approximate cost of prepaid finance charges does not constitute and is not a substitute for the Good Faith Estimate of Closing Costs (GFE) that you will receive once you apply for a loan. This is not a mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs. Conventional loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate (APR). Mortgage rates shown are based on a 60-day lock for the purchase of a primary residence. Under certain circumstances, a 60-day rate lock may not be available. These mortgage rates are based upon a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit profile up to the time of closing. For more information, please refer to the Loan Pricing Disclosure or contact us. This is an unsecured email service which is not intended for sending confidential or sensitive information. Please do not include your social security number, account number, or any other personal or financial information in the content of the email. This may be a promotional email. To discontinue receiving promotional emails from Wells Fargo Bank N.A., including Wells Fargo Home Mortgage, click here NoEmailRequest@wellsfargo.com. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. All rights reserved. Equal Housing Lender. Wells Fargo Home Mortgage-2701 Wells Fargo Way-Minneapolis, MN 55467-8000
Print
ShareBe the first to comment on this blog entry!
