According to Business Week, Wells Fargo refinance mortgage rates have gone too high very quickly over the last week. A strong move up in the 10 year treasury yield rate has been observed. This further pushed the 30 year mortgage rate up. On Monday, August 3rd, mortgage rates were around 5.05%, which went as high as 5.45% by the end of the week. There was slight doubt that mortgage rates were going to move up due to the strong move in treasury yield but very few people predicted a move life this.
It’s still not sure that for how much time this type of move will continue. It may end in the next week but one thing is for sure, mortgage rates are not going to be around 5% anytime in the near future. If you were planning to refinance your mortgage or having the first mortgage, you must speed up the process because mortgage rates look like they will hit 6% soon.
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[...] admin wrote an interesting post today onWell <b>Fargo</b> Refinance <b>Mortgage Rate</b> Gone High: Speed Up Your <b>…</b>Here’s a quick excerpt [...]
[...] admin wrote an interesting post today onWell Fargo <b>Refinance Mortgage</b> Rate Gone High: Speed Up Your <b>…</b>Here’s a quick excerpt [...]
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