Fixed Rate Refinance Today – Bank of America and Countrywide Mortgage Interest Rates on April 14
Posted on | April 14, 2010 | Comments Off
Many Bank of America and Countrywide mortgage holders will likely be looking for a fixed rate refinance today as Countrywide has huge exposure to subprime borrowers. During the mid 2000s Countrywide jumped into risky home loans head first and recently Bank of America purchases the mortgage lender. At the present time we are seeing Bank of America and Countrywide mortgage interest rates around 4.9% for the 30 year mortgage.
If you are currently a Bank of America or Countrywide mortgage holder it is extremely important to understand that you have many options available. Not only will Bank of America assist you in possibly refinances but there are other mortgage lenders that are available as well. With the advancements in technology it should not be difficult to find a mortgage lender offering low rates with great customer service.
If you are currently underwater in your mortgage or unemployed then you may need to contact your lender about the Making Home Affordable plan. This plan, created by the Obama administration, could help you to reduce your monthly mortgage payments through home loan modification.
Author: Jeremy North