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Bank of America and Wells Fargo Refinance Mortgage Rates Stable on Sunday, July 17th – Home Loans Settle Around 4.35%

Posted on | July 17, 2011 | Comments Off



Last week we saw the 10 year treasury rate yield plummet to a level well below its 200 day moving average which in turn pushed 30 year fixed rates under 4.35%.  Bank of America and Wells Fargo continue to report refinance fixed home loans near 2011 lows for borrowers who have a great credit score and an extremely low debt to income ratio.


Unfortunately, many Americans have greatly struggled over the last few years when it comes to locking in low interest rates.  Due to poor financial decisions over the past few years some homeowners are finding that it is very difficult to receive 30 year fixed home loan rate quotes that are under 5%.


While Bank of America and Wells Fargo are two of the largest financial institutions in the country it is very important for all American homeowners to recognize that there are plenty of options available in July of 2011.  By using the FDIC search website most will find that there are plenty of options at the local and regional level.

As we get closer to the fall of 2011 there is a very good chance that the overall economy could greatly improve which in turn would push interest rates higher.  If we see the unemployment rate drop to a level that is well under 8% and the stock market continues to power higher it will be hard to argue that interest rates will move much higher.

Taking to time and effort to do extensive research on a financial situation can prove to be greatly beneficial for those looking to lower a home loan payment.  There are many free mortgage calculators available online that should help many to better understand just how much money could be saved by completing the refinance process in July of 2011.

Author: Alan Lake


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