The week as a whole seems to be shaping us as another period of truly golden buying opportunities for millions of would-be borrowers, with the likes of Wells Fargo (NYSE:WFC) and many other major US lenders offering mortgage packages at some of the lowest rates seen in a generation. When held alongside the rather disappointing property values currently affecting the US as a whole, the rates on offer today add up to some serious value for money for those willing to take the plunge while the so-called getting is indeed so good.
For those interested in the standard fixed rate home purchase loan options, Wells Fargo is today offering the 30 year fixed rate package for 4.125% and an APR of 4.307%, while the 15 year home purchase loan on the other hand can be locked in for 3.375% and APR of 3.691%.
30 year fixed rate Jumbo loans can be taken home for 4.500% and APR of 4.634%, while there are once again certain larger loan amounts in eligible areas up for grabs at 4.375% and APR of 4.508%.
For those preferring to take their chances on adjustable rates, the popular 5/1 home purchase ARM can today be taken out for 2.625% and APR of 3.204% variable, while the popular FHA 5/1 ARM now begins at 3.250% and APR of 3.236% variable.
As it stands, the week once again looks to be one of incredible value across the board, though with accurate predictions of the coming days almost impossible to make, there can be little harm in borrowers choosing to act sooner rather than later.
