Compare Mortgage Interest Rates – Wachovia Mortgage Rates Remain Below 5%
Posted on | January 26, 2010 | No Comments
Many current homeowners will look to compare mortgage interest rates as they are looking to refinance. At the present time Wachovia mortgage rates remain under 5%. When looking at the history of mortgage rates you will clearly see that the levels we are at are very close to all-time lows. You do not want to miss out on this opportunity so you might want to consider refinancing today.
Many analysts have predicted that mortgage rates are going to move up in the very near future. Since early in 2009 mortgage rates have been at or below the 5.5% mark. For much of this time mortgage interest rates have been below 5% which is an extremely attractive interest rate. If you are looking to refinance you might want to do so sooner rather than later.
A chief financial economist for Morgan Stanley has predicted that mortgage rates are likely to move up to 7.5% or 8% in 2010. This move higher is likely to come on the heels of a bull market in the 10 year treasury rate yield. The same economist feels that the 10 year yield will accelerate 40% higher which will push mortgage rates up drastically.
If this is the case you do not want to be standing on the sidelines watching as mortgage rates move up. At the present time Wachovia is currently offering a very attractive 30 year fixed mortgage rate around 4.86%. If you do not want to limit your resources to just Wachovia there are several other lenders are offering attractive interest rates as well.
Make sure to do your research before deciding on the mortgage lender of your choice. It should not be difficult to find these lenders as they are advertising very hard as the new year has come around. Make sure to select a lender that is willing to work hard for you.
Author: Jeremy North
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