Wells Fargo Refinance Mortgage Rates – April 26 Interest Rates Around 4.95%
Posted on | April 26, 2010 | Comments Off
Wells Fargo refinance mortgage rates have been in the range of 4.75% to 5.15% in the month of April. We are currently seeing the 30 year fixed mortgage rate at 4.95%. While this is slightly higher than the month low it is still a very attractive level when looking at historical mortgage rates.
On April 26th, 2010 we are seeing the 10 year treasury rate yield slightly lower which has help to push the 30 year fixed mortgage rate down. Since 1971 the 30 year fixed mortgage rate and 10 year treasury rate yield have had a very strong correlation and that should not change in 2010.
Wells Fargo and most mortgage lenders have benefitted greatly when it comes to the current low interest rate environment. These banks and lenders have been able to add new customers and the customers have benefitted by locking in to historically low mortgage interest rates which could save them hundreds of dollars on their monthly mortgage payment.
Before making any final decisions it may be wise to shop around. There are many mortgage lenders that can help you get a low interest rate with great customer service. Pick a lender that works best for your current situation.
Author: Alan Lake