Wells Fargo Refinance Mortgage Rates – Late March 30 Year Home Loans Up to 4.75% for Well Qualified Borrowers
Posted on | March 28, 2011 | Comments Off
Wells Fargo refinance mortgage rates have moved up over the last week due to the fact that the 10 year treasury rate yield has pushed all the way back up to its 50 day moving average. With this in mind many homeowners may look to do a little bit of extra research to make certain that they can lock into 30 year home loan interest rates below 5%.
As we head into April it is the case that the 30 year fixed mortgage rate is around 4.75% but there is a possibility that it could continue to move higher as the 10 year treasury rate yield continues to move up. One week after hitting its 2011 Lyle we are seeing the 10 year yield move all the way up to the 50 day moving average which could serve as resistance.
If the 10 year yield can break through its 50 day moving average and move much higher than there is little argument to be made that 30 year fixed home loan interest rates will move well above 5%. It is also the case that many analysts feel that as the economy improves we will see interest rates start to move up quickly.
Over the last two years we have seen the Federal Reserve Bank take every necessary step to keep interest rates low but this could change in the near future due to the fact that the unemployment rate has dropped below 9% and the overall economy looks to be getting better as the stock market continues to make multi-year highs each and every month.
With the advancements in technology it is now the case that more and more Americans can take advantage of low interest rates. By doing research online most will find that there are a number of resources that can help them when it comes to better understanding each and every step of the negotiating process in refinancing a home loan.
Author: Heather Best
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