Home Mortgage Loan Rates – Wachovia 30 Year Fixed Rates at 4.9%
Posted on | February 1, 2010 | No Comments
Home mortgage loan rates have been very stable for the entire month of January. To start February, Wachovia mortgage rates are around 4.9% for the 30 year fixed rate. Most mortgage lenders are currently advertising rates around this level as the conventional 30 year fixed has been between 4.8% and 5% since 2010 began.
Wachovia Bank, which is a division of Wells Fargo, holds a significant amount of mortgages in the Southeast. When Wachovia was not owned by Wells Fargo their headquarters were in Charlotte North Carolina which made them one of the biggest banks that offered mortgages to the states of Florida, South Carolina, North Carolina, Tennessee and Georgia.
Most homeowners in these states still consider Wachovia to be a major player in the mortgage industry. Little do these individuals know that Wells Fargo bought this company during the credit crisis. Wells Fargo, one of the major banks based out of San Francisco, California, continues to increase its mortgage exposure into 2010.
Wells Fargo mortgage rates are very competitive when comparing this bank to the entire industry. As stated earlier, most banks are advertising 30 year fixed mortgage rates around 4.9%. It would be wise to contact several lenders and see if you can find them very competitive interest rate in February of 2010.
Author: Jeremy North
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