Wells Fargo Refinance Mortgage Rates – Weekend Home Loan Interest Rates at Lowest Levels of Week

Posted on | November 12, 2010 | No Comments

As we head into the second weekend of November that is the case that Wells Fargo refinance mortgage rates are back down to 4.1% which is just off the low of 4% hit last weekend. With weekend home loan interest rates very close to all-time lows many Americans will likely consider refinancing in the current interest rate environment.


Taking advantage of the currently low mortgage interest rates is how many homeowners save hundreds of dollars a month on a mortgage payment. It is important to understand that not all Americans will have the ability to save as much money but there are savings to be had. The general rule of thumb is that homeowners should save one full percentage point to fully benefit from the refinance process today.


Over the last several weeks the number of refinance applications is greatly outweighed first-time home buyer applications. This comes as no surprise as many first-time home buyers are sitting on the sidelines and waiting for government tax incentives. Unfortunately, it looks as if there will no longer be a first-time home buyer tax credit and this is forcing first-time buyers to purchase without incentives.

Author: Mike Garner

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