Wachovia Bank mortgage rates
Whether you want to purchase a new home or refinance an existing one, its important you make informed financial decisions after taking into account various factors including your current and future financial positions. One important information that can help you to make the best choice is the interest rate and the period of the mortgage. Also, there are two kinds of mortgages, namely, the fixed rate mortgage and the adjustable rate mortgage. In the fixed rate mortgage, the interest rate remains the same throughout the period of the mortgage while in the case of the adjustable rate mortgage (ARM), the rate will vary depending on the current market conditions. Most banks offer customers all of these choices to give them a good measure of flexibility.
The current Wachovia Bank mortgage rates are 4.180% APR for a 30 year fixed loan and 4.705% APR for a 30 year fixed FHA loan. Wachovia mortgage rates are 3.565% APR for a 15 year fixed loan and 3.156% APR for a 15 year fixed FHA loan. Wachovia interest rates are 3.156% APR for a 5 year ARM and 2.999% APR for a 5 year ARM FHA loan.
For larger loans in eligible areas, the rates are 4.130% APR for a 30 year fixed loan, 4.784% APR for a 30 year fixed FHA loan and 3.195% APR for a 5 year ARM loan respectively. In the case of jumbo loans, the rates are 4.382% APR for a 30 year fixed loan and 3.195% APR for a 5 year ARM loan. These competitive rates coupled with good features make Wachovia home loans a good option for many homeowners.