While we haven’t looked at Wells Fargo mortgage rates directly in a review article like this, we have looked at them before and at Wells Fargo’s newly-acquired bank property, Wachovia mortgage rates.  Not long ago, we also did a “best of” for national mortgage rates that had Wells Fargo mortgage rates ranking high.

So we decided it’s time for us here at Peak Personal Finance to have a look at Wells Fargo home loans directly and show you what they offer for mortgage rates at Wells Fargo Bank.

For these Wells Fargo Bank mortgage rates, we’re assuming a $150,000 home with a $140,000 loan and that the buyer would have good credit (700 score) and enough money to pay all of the fees associated with the loan (about 8% of the total loan).  With that, we got some good Wells Fargo mortgage rates you’ll want to see.

For a 30-year fixed Wells Fargo home loans rate, the annual percentage rate (APR) is 7.247% (5.75% interest) and for an FHA 30-year the rate is 6.775% APR (6.00% interest).  On a shorter 15-year fixed Wells Fargo Bank mortgage rates would be 6.393% APR (5.250% interest).

For adjustable rate mortgages (ARM), which are the right choice for many home buyers, even in today’s market—talk to your financial advisor before making a decision, of course—the rates are also pretty good.

For a 5-year ARM, the mortgage rates at Wells Fargo Bank are 5.886% APR (5.125% interest) and a 5-year ARM FHA is at 4.618% APR (5.625% interest).

All of the loans here have Wells Fargo home loans rates low enough to keep the payment under $1,300/month, with three of them under $1,000.  Those are good Wells Fargo mortgage rates!

Check your local requirements, of course, and be sure to talk to an advisor before locking in a new home loan, but definitely put Wells Fargo Bank mortgage rates on your list to consider.