Wells Fargo refinance mortgage rates have been very low for much of 2010 and 30 year fixed mortgage rates are currently around 4.85% for well qualified borrowers. ?If you are seeking a low credit score home loan rates for homeowners with bad credit then you must understand that you are not going to get an interest rate this low. ?Only those with a credit score above 740 are going to get mortgage interest rates under 5%.


While you may be able to find mortgage lenders that help you get an attractive interest rate it is going to be nearly impossible to get a low interest rate with a poor credit score. ?Your credit score is a direct reflection on your ability to borrow money. ?If you have proven to be a poor borrower of money banks and lenders are not going to give you a low rate on a mortgage.

Wells Fargo and most mortgage lenders help borrowers with poor credit but be aware of the fact that you are not going to get the low advertised mortgage rates you are seeing on television or the Internet. ?You will likely get a rate much higher which will be a direct correlation of your credit score.

Author: Jeremy North