30 Year Fixed Mortgage Rates – Bank of America FHA Rates Very Low
Posted on | February 8, 2010 | No Comments
At the present time 30 year fixed mortgage rates are very close to all-time lows. Bank of America is currently the largest mortgage lender in the United States and is offering 30 year fixed mortgage rates around 4.85% for well qualified borrowers. What is even more enticing as that Bank of America FHA mortgage rates are also very low.
FHA mortgage rates for the 30 year fixed mortgage rate are coming in very close to conventional mortgage rates. You must understand that there are different guidelines for FHA mortgage rates but you could end up saving more money by going this route. Most mortgage lenders will give you the opportunity to get preapproved for an FHA rate.
Bank of America and most mortgage lenders are currently advertising 30 year fixed mortgage rates around 4.85%. If you do not have the best credit score you may find that it is better to get an FHA rate than a conventional rate. In all reality it is the numbers crunching game that you must sit down and calculate yourself.
When it comes to getting a 30 year fixed mortgage rate now is one of the best times in recent history. With mortgage interest rates being under 5% there is very little argument that now is the time to take action. It would be a wise decision to contact several lenders and see what options you have available.
Author: Mike Garner
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