Wells Fargo Refinance Mortgage Rates – Home Loans End February Near 4.75%
Posted on | February 26, 2010 | No Comments
Wells Fargo refinance mortgage rates have been very low for the entire year of 2010. It looks as if home loan rates are going to end February very near 4.75%. The 10 year treasury rate yield has fallen through its 50 day moving average and mortgage rates are set to head lower.
Over the last week we have seen both Wells Fargo refinance mortgage rates and the 10 year treasury rate yield drop. The 10 year yield held at its support around the 50 day moving average but as the weekend approaches it looks as if this level of support is not going to hold.
With this being the case there is room for the 10 year yield to continue to drop to its 200 day moving average. If this is the case we can expect the 30 year fixed mortgage rate to work its way towards 4.7%. It will be very interesting to see what happens in the month of March.
Wells Fargo and all mortgage lenders have continued to market this mortgage rate environment very hard. It would be wise to contact many mortgage lenders as you will want to find the best customer service possible with very attractive mortgage interest rates.
Author: Alan Lake
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