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Mortgage Rates Approaching All-Time Record Lows

Wells Fargo’s rates are remaining competitive on mortgages, auto loans and credit cards.

If you’re thinking about refinancing, it’s a great time to lock in a rate.

Many borrowers tap their equity to pay for things such as home improvements.

If you’re purchasing or refinancing, it’s a great time to lock in a rate.

This update highlights the progress Fannie Mae has made to date working
with FHFA, Freddie Mac, and Common Securitization Solutions (CSS).

The 30-year, fixed-rate mortgage fell this week to just above its all-time lowest level. And people already are taking advantage, flooding mortgage companies with refinance applications. The benchmark 30-year fixed averaged 3.52% this week. The record low is 3.5%, set in December 2012. I’m betting that it will go even lower. At the same time,

Mortgage rates are at or near record lows. It’s a good time to refinance a mortgage, especially if you got your mortgage more than 5 years ago and you haven’t refinanced since then. Mortgage rates have fallen along with the yield on the 10-year Treasury note, which fell to its lowest-ever level Tuesday, to 1.367%,