Wells Fargo Refinance Mortgage Rates – Weekend Fixed Home Loans Remain at 2011 Lows Near 4.5%
Posted on | May 13, 2011 | Comments Off
Wells Fargo Refinance mortgage rates remain near 2011 lows as the 10 year treasury rate yield is under 3.2%. Heading into the weekend of May 14 and May 15 we are seeing 30 year fixed conventional mortgage rates around 4.5% for individuals who have an excellent credit score and the very low debt to income ratio.
It is important to remember that only the best borrowers will receive interest rate offers near all-time lows. By having a credit score above 740, a significant amount of home equity, and the low debt to income ratio below 40% some American homeowners will qualify for the lowest interest rates in recent history.
While Wells Fargo is one of the largest financial institutions in the country it is important to remember that they are not the only option when it comes to receiving low weekend fixed home loan rates. Along with Bank of America, Chase and Citi, Wells Fargo is considered one of the big for financial institutions in the country but there are over 7000 FDIC insured banks to help Americans.
When looking to refinance it is always a wise choice to understand each and every step of the process. The government HUD website assists many individuals by explaining to them each and every step of the refinance process. This will also help Americans better understand what steps will allow them to negotiate lower costs and fees.
As we get closer and closer to the summer of 2011 there is a strong possibility that we could see interest rates start to rot. The Federal Reserve Bank is taken every necessary step to keep interest rates low but this could change as the unemployment rate drops and the economy improves. With many economic indicators pointing towards growth and may be possible that 5% 30 year fixed mortgage interest rates are in the near future.
Author: Mike Garner
Tags: home loan interest rates > weekend home loan rates > weekend mortgage interest rates > weekend wells fargo rates > wells fargo home loan rates > wells fargo refinance rates