Wells Fargo Mortgage Rates Under 5% – How Much Will You Save?
If you are interested in the direction of future mortgage rates make sure to check out the mortgage rate forecast page as well as the mortgage rate predictions page. UPDATE: July 20th – The newest article on Wells Fargo mortgage rates is available here: Wells Fargo Mortgage Rates Following Current Interest Rates Higher. Interest rates [...]
Mortgage Rate Trends – April 14th – Rates Back to 5%?
As we all know, mortgage rates have been under 5% for a few weeks now and it is almost becoming a normal thing to hear that rates are at historic lows. Obviously, mortgage rates cannot hit historic lows every single week because this is not how financial markets work. We are definitely going to see [...]
Wells Fargo “25% of Mortgages Were Home Purchases Not Refinancings”
Last week Wells Fargo showed healthy gains in the stock market as they posted a $3 billion first quarter profit. Part of the reason that Wells Fargo showed such a large profit was the fact that they got Wachovia at wholesale prices. While Wachovia was very poorly run and had some subpime exposure, there was [...]
Rise in Mortgage Applications along with Low Mortgage Rates Could Cause Lending Crisis
For quite some time, I have made the observation that the increasing amount of mortgage applications could cause a lending crisis. With the Obama Mortgage Plan in full swing, the number of mortgage applications has greatly increased during the months of March and April. While many of these applications are getting turned away due to [...]