FHA Home Loan Rates February 2 – Bank of America Home Loans Drop Today
Posted on | February 2, 2010 | No Comments
FHA home loan rates for February 2nd, 2010 are down significantly. Today we are seeing Bank of America home loans drop as the conventional 30 year fixed mortgage rate is down to 4.84% while the 15 year fixed mortgage rate is down to 4.25%. The conventional 5/1 ARM is also down to 3.72%. At the present time many lenders are reporting that FHA rates are coming in very close to conventional mortgage rates.
It would be a very wise decision to contact your mortgage lender to get a much more accurate FHA rate quote. If you are looking for Bank of America mortgage rates you should have very little difficulty contacting them. This big bank has worked very hard to improve the amount of individuals they have to take your calls when it comes to home loans.
The current low interest rate environment we are in is eventually going to come to an end. By that point almost everyone will have seen a Bank of America home loans advertisement. This is exactly what Bank of America desires; to be the name you think of when you think of mortgage rates. Only time will tell when mortgage rates are going to move higher but do not wait and watch this happen.
Make sure to check out Subprime Blogger on a daily basis for your FHA loan rates. We will display the current FHA loan rates as well as a short commentary similar to the above column. Bookmark the following FHA Loan Rates category to gain easier access to our daily FHA rates column:
Author: Jeremy North
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