Wells Fargo was one of the smarter big banks that stayed completely out of the sub-prime or even Alt-A mortgage rate market in the past few years. They have always focused on the prime market of their own bank customers.
Wells Fargo Mortgage rates have been dropping this year along with every other major bank. Interest rates are near all-time lows, and along with the first time home-buyers tax credit, more people are starting to apply for mortgages again.
Current Wells Fargo Mortgage Rates
30 Year Fixed Interest Rate:
15 Year Fixed Interest Rate:
5/1 ARM Interest Rate:
Your Wells rate will of course still depend on your location, income, and especially credit score. But if you are a prime borrower, their rates aren’t bad.
Bank Mortgage Rates
Wells Fargo Mortgage Review
What’s been your experience with Wells Fargo mortgage? Good? Bad? I remember their documents being pretty simple.