Wells Fargo Refinance Mortgage Rates – Fixed Rate Mortgages Remain Low
Posted on | December 15, 2009 | No Comments
Wells Fargo refinance mortgage rates remain at a very low level. We are currently seeing mortgage interest rates around 4.75% on the 30 year fixed-rate mortgage. The 15 year fixed-rate mortgages around 4.25%. When looking at a historical chart of mortgage interest rates you will see that these levels are near all-time lows. In fact, the all-time low for the 30 year mortgage rate was set in the last week of November.
Since the last week of November we have seen mortgage interest rates move up mostly due to the fact that the 10 year treasury rate yield has moved higher. Even though mortgage rates have moved up there still very low when looking at a long-term trend. With mortgage rates well below 5% there is no reason that you should not consider refinancing your current home loan.
Wells Fargo has positioned themselves very well when it comes to this low mortgage interest rate environment. When doing any mortgage rate searches on the Internet you are likely to find Wells Fargo throughout the search page. This means that they have worked very hard to get your eyes to their website. They want your business and they’re willing to do the necessary steps to get you as a customer.
By getting you in their front door Wells Fargo knows if there’s a very good chance that they could offer you other type of financial services. Some of these financial services may include debt consolidation, personal loans, or even car loans. Wells Fargo wants to be your one-stop shop when it comes to personal finances.
Before deciding that refinancing is right for you it is a very good idea to sit down and think about your current financial situation. Just because interest rates are low does not mean that now is the best time for you to refinance. If you currently have very little equity in your home and you do not have much in your savings and it might not be a good idea to try to get to the refinance process today.
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: Mike Garner
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