Time to Refinance?

by Marilou Long on September 14, 2011

in Banks,Finance Tools,Residential Real Estate

With the ten year Treasury yield hovering around 2.0%, I have been checking the rates on refinancing our mortgage.  The fifteen year rate on conforming loan amounts at Wells Fargo has gotten as low as 3.25% with a point.  I would like to get 3.0%, but the ten year Treasury would probably have to get to 1.75% for that to occur.  If you didn’t refinance the last time around, keep a close eye on the daily rates.  Unfortunately, many Americans have not been able to refinance because they are underwater on their mortgage.

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