Wells Fargo Refinance Mortgage Rates – Rates Bounce in California and Nevada
Posted on | December 3, 2009 | 1 Comment
Wells Fargo refinance mortgage rates are currently at extremely low levels but they have bounced off of the all-time lows. Homeowners in California and Nevada are going to see that mortgage interest rates have moved slightly higher over the last 24 hours. Last weekend we saw the 30 year fixed mortgage rate as low as 4.49%. Without a doubt, this is the lowest we have ever seen mortgage interest rates in the history of the United States housing market.
If you are looking to refinance your current home loan now is one of the best times ever. Many homeowners would like to try and time to market and hit the very bottom but this is a very difficult task. At any time, the federal reserve bank may stop buying mortgage-backed securities or announced that they plan to conclude the program in March which is the initial intention.
As soon as the Fed comes out in states that the mortgage-backed security purchase plan is going to stop you can be rest assured that interest rates are going to move higher. You do not want to wait for this to happen as mortgage interest rates are likely to move up above 5%. Currently we are seeing the 30 year fixed mortgage rate around 4.66% which is still extremely low.
Wells Fargo and many other major banks have done a very good job of advertising the low mortgage rates. If you would like to lock into a low mortgage interest rate it is up to you to do the research and find out the necessary steps. By submitting a mortgage application you will better understand what interest rate you qualify for. You will never get a 100% accurate rate quote until you submit an application.
There is absolutely no reason that she should not take advantage of this low mortgage rate environment. Unless you have refinanced or locked into a low mortgage rate in the last year than you will likely benefit from refinancing your home loan. Take the necessary steps to find out what interest rate you can get and save hundreds of dollars a month on your mortgage payment.
If the current economy and your financial struggles have gotten you down make sure to check out the inspirational blog My Life After Retail. The blog is an account of the journey to find peace of mind and happiness in today’s society.
Author: Jesse Wojdylo
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One Response to “Wells Fargo Refinance Mortgage Rates – Rates Bounce in California and Nevada”
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December 3rd, 2009 @ 5:23 pm
who should i contact at wells fargo to get my refinance going? ive been dealing with a broker and they are taking forever to get my file submitted.