Refinance Home Loan Rates – Wachovia and Wells Fargo Mortgage Rates Under 5%
Posted on | January 29, 2010 | No Comments
Refinance home loan rates have been very stable for the entire month of January. At the present time, Wachovia and Wells Fargo mortgage rates are under 5% on the 30 year fixed mortgage rate. We are seeing the 30 year fixed rate come in around 4.9% as of January 29th, 2010. This is an extremely attractive interest rate when looking at historical mortgage rates.
Wells Fargo gobbled up Wachovia during the credit crisis but many Americans do not realize this. By going to the Wachovia website you can clearly see that Wachovia is a division of Wells Fargo. Even though Wells Fargo owns this bank not much has changed in terms of personal banking and mortgage lending.
If you are looking to refinance a Wachovia or Wells Fargo mortgage then you will go through the same process you have always gone through. You will contact your lender and submit a mortgage refinance application before you will get a 100% accurate rate quote. After completing the application you will better know how much money you can save by going to the refinance process.
With home loan rates still below 5% now is one of the best times ever to lock into a low mortgage rate. Many analysts are predicting mortgage rates will rise in the near future as the Federal Reserve Bank plans to stop buying mortgage-backed securities. When this happens in March of 2010 you can expect mortgage rates to move higher.
Author: Alan Lake
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