Wells Fargo Refinance Mortgage Rates – 30 Year Loan Rates at 4.79%
Posted on | February 14, 2010 | No Comments
Wells Fargo refinance mortgage rates have been extremely low for the entire year of 2010. At the present time 30 year loan rates are around 4.79% while the 15 year fixed mortgage rate is at 4.23%. Since the beginning of 2010 we have seen the 30 year fixed mortgage rate bounce between 4.7% and 5%. This is an extremely low level when looking at historical mortgage rates.
Wells Fargo and many other major mortgage lenders have been advertising low mortgage rates for quite some time. Since Pres. Obama took office the conventional 30 year fixed mortgage rate has been around 5% or lower for much of this time. There was only a brief period last summer when mortgage rates were well above 5%.
With this being the case there are many homeowners who have saved by refinancing. If you have the ability to save one full percentage point on your home loan rate then you will save a significant amount by refinancing today. If you cannot save this one full percentage point you are likely to pay more in closing costs than you will save by refinancing.
Unfortunately, the only way you will get a 100% accurate rate quote is if you go through the mortgage application process. You can get an estimated rate quote by making a few phone calls but to get a 100% accurate quote for your financial situation you must submit the proper paperwork through an application.
Author: Jeremy North
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