Wells Fargo Refinance Mortgage Rates – Monday, May 23 Fixed Home Loans Remain Close to 4.5% for Borrowers
Posted on | May 23, 2011 | Comments Off
Wells Fargo refinance mortgage rates on Monday, May 23, 2011 are very close to yearly lows as the 10 year treasury rate yield is still looking to find a bottom near its 200 day moving average. At the present time we are seeing 30 year fixed conventional mortgage rates around 4.5% for borrowers who have a very attractive financial history.
It is important to note that it takes an amazing credit score to have any opportunity to lock into the lowest fixed interest rates. Unfortunately, many Americans have made poor financial decisions and the recent past which can make it extremely hard to lock into low interest rates and the month of May 2011.
If Americans have a credit score that is above 740, equity in a home, and a significantly low debt to income ratio than there is a good chance that they could receive the lowest interest rate offers and recent history. By positioning oneself with a very good credit score individuals will find that there are opportunities to save a significant amount of cash by refinancing.
With this in mind it may be a wise choice to start research today rather than waiting for mortgage rates to continue to drop. There are possibilities that the economy could drastically improve which in turn would push interest rates higher. If the 10 year treasury rate yields start to trend higher than there is a good chance that we could see 30 year fixed mortgage rates move towards 5%.
It is also important to recognize that Wells Fargo is one of the largest financial institutions in the country but definitely not the only option when it comes to locking in the lowest mortgage interest rates today. By doing research online most will find that there are many local, national and regional mortgage lenders that can help when it comes to finding fixed home loan interest rates at an attractive level.
Author: Jeremy North
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