Wells Fargo Refinance Mortgage Rates – March 8 Home Loans Mixed
Posted on | March 8, 2010 | No Comments
Wells Fargo refinance mortgage rates are mixed early on at the beginning of the week of March 8th, 2010. At the present time we are seeing the 30 year fixed mortgage rate around 4.78% while the 15 year fixed mortgage rate is at 4.21%. As you may know, mortgage rates have been extremely low for well over 15 months.
Wells Fargo and most mortgage lenders continue to benefit from this current low interest rate environment because they have the ability to borrow money for cheap. By being able to borrow money for cheap they can also allow homeowners to refinance their current home loans are very low interest rates. If you have equity in your home and a good credit score you could refinance to a lower rate today.
Make sure to do your research before selecting a mortgage lender. This is a very competitive industry say you should not narrow your search to just Wells Fargo or maybe one other bank. It would be wise to contact many lenders and see who is willing to offer the best customer service with a competitive interest rate.
By the end of March we could see mortgage interest rates start to move higher as the Federal Reserve Bank plans to stop purchasing mortgage-backed securities. Many analysts have predicted that this will likely push mortgage rates up at least one full percentage point. If this is the case it would be wise to take action today rather than wait for mortgage rates to move higher.
Author: Alan Lake
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