Wells Fargo Home Mortgage WellsFargo jacking up rates above mkt premiums and adding new fees Miami Florida

Started working with my local Wells Fargo banker over 4 weeks ago. I finalized the purchase contract on the house early-last week and I went to lock in rates and get final closing costs yesterday and surprise, surprise...just what I suspected...new fees, higher rates (above the mkt increase) and no explanation.

I have been very clear with my banker that I don't want any surprises. We are doing a standard 30 yr fixed conforming loan (21% down and a $417K mortgage) on a single-family house. 3 weeks ago the rate he quoted me was 5% (0 pts) and this was .15% above the best rate Wells offered online (my credit score is in low 700's).

Yesterday the published rates on WF.com are 5.375% (with 1%) - the rate he wants to charge me is 5.875% (a 0.5% premium) PLUS 1 point PLUS another 0.25 point for a No Escrow Fee. Because I put over 20% down, I don't need to escrow the remaining years taxes, now they are charging me for that.

Three weeks away from closing they change their story, I wonder what would happen at closing...Completely incompetent and irrational.

Unhappywithwellsfargo
miami, Florida
U.S.A.