Wells Fargo Refinance Mortgage Rates – Home Loans Up March 17
Posted on | March 17, 2010 | No Comments
Wells Fargo refinance mortgage rates have been competitively low for quite some time. For the entire year of 2010 we have seen the 30 year fixed mortgage rate between 4.7% and 5%. Today, March 17, home loans are up slightly as the 30 year fixed mortgage rate is around 4.8%.
Over the next several weeks we are likely to see great volatility when it comes to mortgage interest rates. At the end of March the Federal Reserve Bank is going to stop purchasing mortgage-backed securities which could greatly move mortgage rates.
Some analysts have predicted that mortgage rates could move up at least one full percentage point when the Fed stops purchasing mortgage-backed securities. No one knows the true answer to how much rates will go up but there is a chance that we could see an up leg in mortgage rates.
Wells Fargo and most mortgage lenders continue to advertise mortgage rates at a very low level. If you’ve been thinking about refinancing your home or buying your first home there are many options available. Make sure to find the best customer service with a very competitive interest rate.
Author: Tiffany Mann
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