Wells Fargo Refinance Mortgage Rates – Fixed Interest Rates on Home Loans Drop to New 2011 Lows Today
Posted on | August 15, 2011 | Comments Off
Over the last few weeks we have seen the 10 year treasury rate yields 10 to a level that is below 2.5% which in turn has helped to push 30 year fixed we finance mortgage rates as low as 4.1%. It is very important for all homeowners to recognize that it takes an amazing financial history to have any opportunity to walk into these low rates.
Many hard-working American homeowners will likely seek Wells Fargo refinance mortgage rates but it is important to recognize that there are many options available in August of 2011. The FDIC insures many financial institutions at the local and regional level and most of these companies will be more than willing to gain new customers during the current economic crisis.
With this in mind it may be a very wise choice to contact local and regional lenders to see what incentives they will offer for new customers. It may be the case that individuals find that customer service is quite superior as these local lenders are more than willing to get to know your name and situation.
It is also important to recognize that at the present time individuals must have a credit score above 740 and a debt to income ratio below 40% have any opportunity to lock into the lowest rates. Unfortunately, many Americans have made poor financial decisions in the recent past which can make it quite difficult to lock into these low rates in August of 2011.
By improving one’s credit score to the best of their ability individuals will find that they can save a significant amount of money when it comes to any money borrowed through home loans, car loans, personal loans or credit cards. One of the easiest ways to increase your credit score is to pay off high interest rate debt such as personal loans or credit cards.
Author: Alan Lake
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