Northwest Bank is offering 30 yr. fixed under 5%. A partner here sent out an email about it but I wasn't interested in refinancing so I deleted it.
I'd be surprised if that is still the rate. Like I say, the rates have been all over the place.
Really glad I got locked in at 6.625 in August.
I locked into a 7 year ARM back in 2004 at 4.5% so no way I'd refinance that right now. My home equity loan thought is another story, its a floating rate, interest only payment that I really ought to find a place to refinance at a reasonable fixed rate.
Wells Fargo is conservative and certainly not always the lowest, but not the highest either. I work for WF, although not in first mortgage, and WF is the only AAA rated bank in the country, so there is a premium. Also a reason you see WF not struggling like some other companies right now. Variable rates are still coming down, might not be a good idea to lock in a second until this spring or summer.Wells fargo is always the highest, I am not sure why anyone gets a loan through them. But that should be good news for the housing market, prices are down, and rates are very low again. Good time to buy, of course you cannot sell your current house
Maybe you should refi them both into a 5% 30 year fixed? Might be worth looking into.
I could care less that Wells Fargo is a AAA bank. It means nothing when it comes to me paying my mortgage payment. There is a decent chance that they'll sell your loan to someone else.
I used to work at WF and have nothing against them besides the way they service some of their loans.
Wells Fargo has convienent locations, really nice offices, comfortable furniture and lots of friendly employees working there. That's why I don't bank there anymore, I'm tired of paying for it all...