Wells Fargo Refinance Mortgage Rates – Home Loan Interest Rates Still Low
Posted on | March 12, 2010 | No Comments
For over one year we have seen Wells Fargo refinance mortgage rates below the 5.5% mark. For an extended period of this time we have seen 30 year fixed mortgage rates below the 5% level. With this being the case many homeowners have a chance to save a significant amount by refinancing at the present time.
With home loan interest rates remaining low for an extended period of time many homeowners have already refinanced to a lower rate. These homeowners are seeing possible savings of hundreds of dollars a month which can go towards other bills are building savings.
Many analysts are predicting that mortgage rates are likely to rise in the near future. Some analysts have predicted that the 30 year fixed mortgage rate could go as high as 7.5%. While no one knows how high mortgage rates could go there is a strong possibility that we could see a move to the upside.
The Federal Reserve Bank plans to stop purchasing mortgage-backed securities at the end of March which is likely to push mortgage rates up. Wells Fargo and almost every bank has advertised their home loans very diligently as low interest rates often bring more customers. If you have yet to refinance you may want to consider today.
Author: Alan Lake
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