Wells Fargo Refinance Mortgage Rates – Home Loan Interest Rates Very Close to All Time Lows Today
Posted on | July 21, 2010 | Comments Off
Wells Fargo refinance mortgage rates continue to defy all odds and remain at the 4.5% level. There is a very good chance that we could see home loan interest rates very close to an all-time low today as the 10 year treasury yield has recently dropped. With this being the case many Americans could benefit from refinancing soon.
With refinance mortgage rates around 4.5% for the 30 year fixed mortgage it comes as no surprise to see many Americans looking to refinance today. By locking into mortgage interest rates this low many Americans could see great savings in the form of lower monthly mortgage payments.
It is very important to remember that not all Americans will have the ability to lock in the lowest possible mortgage interest rates. You’ll need a very good credit score, above 740, and the debt to income ratio that is well below 40%. By not meeting these requirements you will likely find higher interest-rate offers.
Before making any final decision on the refinance process it is always important to remember that there are closing costs involved. It is a general rule of thumb that you must save at least one full percentage point on your mortgage interest rate to fully benefit by refinancing today.
Author: Mike Garner
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