Wells Fargo Refinance Mortgage Rates – September 26 Fixed Home Loans Still at 4.25%
Posted on | September 26, 2011 | Comments Off
With the 10 year treasury rate yield well under 2% many Americans are noticing the 30 year fixed mortgage rates are up 4.25%. Before going into the refinance process it is always a wise decision to make certain that all high interest rate debt to pay down. This usually includes unsecured personal loans and credit cards.
By paying down high interest rate debt and reducing the debt to income ratio to a level below 40% many Americans will benefit greatly by receiving some of the lowest refinance interest rate offers. Many of these Americans will seek Wells Fargo refinance mortgage rate but it is important to recognize that there are many options available in September of 2011.
Over the next several weeks will be very interesting to see what happens when it comes to the 10 year treasury rate yield. It is looking to find a bottom around 1.8% at the present time but we have continued to see the 10 year treasury rate yield dropped to new all-time lows each and every time the federal reserve bank mentions that they are going to keep interest rates near all-time low levels.
With this in mind it may be a wise choice to consider refinancing as soon as possible. With the 10 year treasury rate yield now under 2% most American homeowners can benefit greatly by refinancing. The general rule of thumb is that individuals should desire to save at least one full percentage point before refinancing.
As we get closer to the winter of 2011 more and more Americans will look to save money due to the fact that they will likely spend during the Christmas shopping season. With this in mind Wells Fargo will likely see a significant number of refinance applications but remember that there are plenty of other options available.
Author: Alan Lake
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