Wells Fargo Home Loan Interest Rates – Refinance 30 Year Loans at 4.3% for Many Good Credit Score Borrowers on July 21, 2011
Posted on | July 21, 2011 | Comments Off
As the 10 year treasury rate yield stabilizes around the 3% mark many individuals are realizing that home loan interest rates are very close to all-time lows. Individuals seeking Wells Fargo home loan interest rates are finding that refinance 30 year fixed home loans are around 4.3% for those with a very good credit score.
It is important to recognize that only the best borrowers of money will have any opportunity to lock in the lowest interest rates on home loans. To receive 30 year fixed mortgage rates under 4.5% individuals will need a debt to income ratio that is below 40%, a credit score is above 740 and a significant amount of equity in their current home.
By not meeting these financial requirements it is often the case that individuals will not have an opportunity to lock in to rates below 5%. If individuals have a very poor credit score than it is almost a guarantee that they will struggle to negotiate lower interest rates with most major financial institutions throughout the United States.
While Wells Fargo is one of the largest financial institutions in the country it is important for all Americans to recognize that there are a plethora of options available in July of 2011. At the present time we are seeing over 7000 financial institutions insured by the FDIC which will allow many individuals an opportunity to see competitive interest rate quotes at the local, regional and national level.
When doing extensive research on the financial situation it is always a wise choice to make certain that there are no mistakes or errors on a credit history report. The government sponsors a free annual credit reports all American adults and there is no reason that individual should pass up this opportunity before going into the home loan refinance process during the summer or fall of 2011.
Author: Alan Lake
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