Wells Fargo Refinance Mortgage Rates – 30 Year Loan Interest Rates Hit 4.25% on August 17, 2010

Posted on | August 17, 2010 | No Comments

Over the past 18 months many Americans have enjoyed the benefits of refinancing to lower mortgage rates. At the present time we are seeing Wells Fargo refinance mortgage rates at all-time lows as the 30 year fixed is been quoted at 4.25%. On August 17, 2010 we are seeing a historical event in the history of the United States housing market as rates have never been this low.


It is important to remember that Wells Fargo is currently one of the biggest mortgage lenders in the country but they are not the only option when it comes to locking in the low refinance rates. With the advancement of technology it is much easier than it has ever been to do mortgage research from a home or office. It is very important understand that no one will get a 100% accurate rate quote until they go to the mortgage refinance application step.

Over the last several weeks it has been quite evident that many people are looking to refinance his mortgage rates are very low. Mortgage applications have shown that 80% of applicants are looking to refinance while only 20% are looking to buy a new home. Part of this is due to the fact that there is no longer a first-time home buyer tax credit.

Author: Mike Garner

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