Bank of America Refinance Mortgage Rates – Home Loans Lower Ending February
Posted on | February 26, 2010 | No Comments
Bank of America refinance mortgage rates have been low for the entire month of February but it looks like home loans are going head even lower as the month concludes. Over the last few days we have seen the 10 year treasury rate yield grinds sideways to down helping mortgage rates to drop.
With the 10 year treasury rate yield moving to its 50 day moving average you can guess that mortgage rates will move lower. At the present time the 10 year treasury rate yield is sitting right on its 50 day moving average which could serve as a strong support level.
If we see a bounce by the 10 year yield there is a very good chance that Bank of America refinance mortgage rates could move higher. If the 10 year yield breaks through this 50 day moving average and starts going lower then we could see 30 year fixed mortgage rates around 4.75% at the beginning of March.
Bank of America has worked very hard to promote its home loans division during this current low interest rate environment. Almost all mortgage lenders are offering very attractive mortgage rates so it would be wise to contact many lenders and not narrow your search to just one or two companies. Find a lender that will work best with you.
Author: Alan Lake
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