Wells Fargo Refinance Mortgage Rates – Home Loans Remain Under 5% for Borrowers of a 30 Year Fixed Mortgage
Posted on | May 24, 2010 | Comments Off
Wells Fargo refinance mortgage rates have been very low for the entire year of 2010. Currently we are seeing home loans under 5% for those looking to borrow for a 30 year fixed mortgage. It is important to note that not everyone will qualify for low mortgage interest rate at the present time.
To receive an interest rate that is around 5% it is important to have a very good credit score and equity in your home. With a credit score below 740 and very little home equity you’re going to find it nearly impossible to lock in to a low mortgage interest rate. With this being the case it would be wise to make sure you have the best credit score possible.
Over the last several months many Americans have had the opportunity to lock into low rates and they are saving a significant amount of money. By doing your research you may be able to find a mortgage interest rate that is very low for your current financial situation. It is important to note that Wells Fargo is not your only option.
Many analysts feel that as the economy recovers mortgage interest rates will start to move higher. At the present time this is not a major concern but if you’re planning to wait several months and possibly even years to lock into a mortgage you may be missing out on an opportunity of a lifetime.
Author: Alan Lake
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