Wells Fargo Refinance Mortgage Rates – Home Loan Rates Average 4.87%
Posted on | February 24, 2010 | No Comments
Wells Fargo refinance mortgage rates continue the trend of being very low in February of 2010. At the present time home loan rates are averaging around 4.87% on February 24th, 2010. This is up slightly from yesterday but is still very low when looking at historical mortgage rates.
Wells Fargo and most mortgage lenders have been advertising low mortgage rates for a significant period of time. President Obama and his staff have done a very good job of keeping interest rates low for the last year. There is a chance that mortgage rates could move higher but at this point we are still seeing the 30 year fixed mortgage rate below 5%.
It will be a very wise decision to contact several mortgage lenders, not just Wells Fargo, to make sure that you are getting a competitive interest rate. You’ll have to go to a preapproval process to get an idea as to what mortgage rate you will qualify for. This process usually only takes up to 20 or 30 minutes.
After you have contacted several mortgage lenders you will better understanding of who will be willing to work hard for you and who will offer you a competitive interest rate. By combining these two aspects you should get a very good mortgage lender who will go the extra mile.
Author: Jeremy North
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