Wells Fargo Refinance Mortgage Rates – Best Fixed Home Loan Rates Are Under 4.5% Nationwide Today
Posted on | September 21, 2011 | Comments Off
The 10 year treasury rate yield continues to struggle to find a bottom around 1.9% which means that 30 year fixed mortgage rates are under 4.5%. With many hard-working Americans seeking Wells Fargo refinance mortgage rates it has been the case that applications for home loans have increased over the last several months.
Before going into any type of refinance process it is important to recognize that there many options available in September of 2011. In fact, the FDIC currently insures over 7000 financial institutions many of which offer very attractive home loan products that can help individuals save on a monthly mortgage payment.
Unfortunately, some Americans continue to make very poor financial decisions which can make it difficult to walk into some of the lowest interest rates. By doing extensive research on line most will find that they will need a credit score above 740 and a debt to income ratio below 40% to lock into the lowest refinance rates in the fall of 2011.
With this in mind it may be a wise choice to pay down high interest-rate debt such as unsecured personal loans or credit cards. By having a large balance outstanding on a high interest rate credit card some individuals will likely find that their credit scores negatively affected due to their bad financial decisions in the recent past.
It may also be a wise choice to contact several different mortgage lenders to see what options are available. By contacting lenders at the local, regional and national level most individuals will find that there are plenty of home loan products that can help them save. Luckily, the HUD website should help individuals recognize what home loan product is best for them.
Author: Alan Lake
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