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Bank of America Refinance Mortgage Rates – Home Loan Refinance Before Thanksgiving?

Posted on | November 22, 2009 | 2 Comments

Bank of America refinance mortgage rates are getting eerily close to an all-time low. Last week we saw mortgage rates as low as 4.63% and the all-time low as 4.61%. With this being the case it is a very good idea to start your home loan refinance process before Thanksgiving.

No one knows of mortgage interest rates will hit an all-time low in the near future but what we do know now is that they’re very close. If you hold out hope that mortgage interest rates continue to drop your taking the risk of missing the opportunity of a lifetime. Refinancing below 4.75% is something every homeowner would desire to do.

Bank of America has marketed their homeland department very well. Everywhere you turn on the Internet and on TV when it comes to business you will see mortgage rates offered by Bank of America and many other mortgage lenders. Obviously now is the time for them to get up and advertise this as mortgage rates are getting close to all-time lows which makes this a very good marketing period.

By getting customers and their doors many lenders are going to offer other services as well. Most financial institutions also offer personal loans, loan consolidation, and credit cards. If you are getting a mortgage to the company than it would also make sense to get these other types of services through them as well.

The big banks realize this and that is why they are advertising as hard as they are. The banks know that many homeowners are hoping to refinance the loan mortgage rate but these homeowners may also need to consolidate some credit or get a new credit card.

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Author: Jeremy North

Category: bank of america mortgage rates

Comments

2 Responses to “Bank of America Refinance Mortgage Rates – Home Loan Refinance Before Thanksgiving?”

  1. discount realtor
    November 23rd, 2009 @ 7:02 am

    Rates are great now, though I am worried where they will be a year from now.

  2. Debbie
    November 23rd, 2009 @ 12:31 pm

    Good luck I wanted to refi back in May. Finally heard last week they want a new appraisal because the old one expired and they need additional doc’s. Do yourself a favor and go somewhere else. You’ve been warned!!

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