Wells Fargo Refinance Mortgage Rates – Home Loan Interest Rates Stable Around 4.75% on June 21st
Posted on | June 21, 2010 | Comments Off
Wells Fargo refinance mortgage rates have been low for the entire year and nothing has changed in the month of June 2010. We are currently seeing home loan interest rates stable around 4.75% on June 21. With 30 year fixed mortgage rates near all-time lows many current and future homeowners are considering walking into a low rate at the present time.
It is very important to remember that not all Americans will qualify for refinance mortgage rates under 5%. You will need a significant amount of home equity and a great credit score if you are looking to refinance. If you are looking for your first mortgage you will need a debt to income ratio below 40% along with the great credit score.
Without these requirements you are going to find the most mortgage lenders have higher interest-rate offers for you. Your financial history will greatly determine what interest rate you get on any amount of money you borrow. If you have a bad credit history you were going to find a hard to get low rates.
Wells Fargo is currently one of the biggest mortgage lenders in the country but is not the only option. There many mortgage lenders spread throughout the United States that can help you get low mortgage interest rates and the current economic environment in June of 2010.
Author: Mike Garner
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