Wells Fargo Refinance Mortgage Rates – March 11 Home Loans MIxed
Posted on | March 11, 2010 | No Comments
Wells Fargo refinance mortgage rates continue to stay low the entire time that the Federal Reserve has purchased mortgage-backed securities. On March 11, 2010 we are seeing home loans mixed as the 30 year fixed-rate mortgage is up to 4.8% and the 15 year fixed mortgage is down to 4.15%.
Over the last year we have seen the Federal Reserve Bank by a large amount of mortgage-backed securities which has helped push mortgage rates below the 5% mark. At the end of March the Federal Reserve is going to stop purchasing these mortgage-backed securities and it will be interesting to see how mortgage rates are affected.
Wells Fargo and most mortgage lenders have marketed their home loans division very hard during this low interest-rate environment. This environment is a win-win situation for both customers and banks. Customers benefit because they can refinance their mortgage rate which allows them to pay a much lower monthly mortgage payment. The banks win because they gain new customers which will eventually lead to more profits.
With this in mind it would be a wise decision to consider your current financial situation and determine if it is right for you to refinance today. There are many free resources available online to help you better determine what your options are.
Author: Alan Lake
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