Wachovia mortgage rates
Wachovia is a leading financial institution that has a long history of experience and reputation. They have customers located across the length and breadth of the US and their products are designed to meet the needs of all these varied customers. They have savings as well as lending products and the Wachovia interest rates on all the products are competitive. In this article, we will review the mortgage rates offered by this bank.
The current interest rates for single family primary residence are as follows. Conforming loans are those home mortgages eligible for sale either to FNMA or FHLMC while FHA loans are those loans that are backed by the guarantee of FHA. FHA stands for Federal housing Administration which is a US agency that is a part of National Housing Act 1934. The Wachovia bank mortgage rates for a 30-year fixed mortgage for conforming loans and FHA loans are 4.686% APR. For 30 years fixed FHA, the rates are 5.233% APR. For 15 year fixed, the Wachovia home loans interest rate is 4.069% APR. For 5 year ARM (adjustable rate mortgage), the interest rates at Wachovia Bank are 3.209% APR. For a 5 year ARM FHA, the interest rates are 3.074% APR.
For larger loan amounts in eligible areas, Wachovia mortgage rates for 30 years fixed is 4.760% APR while for a 30 year fixed FHA loan, the interest is 5.309% APR. For 5 years ARM, the interest rate is 3.293% APR.
In the jumbo loans category (here the loan amount exceeds the Conforming loan amounts) interest rate for 30 year Fixed is 5.264% APR and for a 5 year ARM, the interest is 3.652% APR.