Bank of America Refinance Mortgage Rates – Home Loans Remain Near 2010 Lows for 30 Year Fixed Rate
Posted on | May 25, 2010 | Comments Off
Bank of America refinance mortgage rates have been extremely low for much of 2010 but at the present time we are seeing home loans remain near 2010 lows for the 30 year fixed mortgage. We are currently seeing rates as low as 4.7% for many well-qualified borrowers.
it is very important to note that Bank of America is the biggest mortgage lender in the country but there are many other options as well. By doing your research online you will likely find that there are many mortgage lenders in your area that can help you lock in to a low mortgage interest rate.
Over the next several months it will be very interesting to see how refinance mortgage rates adjust the overall economy. Many analysts have predicted that as the economy gets better mortgage interest rates will rise. This has not been the case over the last several months.
With mortgage interest rates near all-time lows now is a great time to consider refinancing your current mortgage interest rate. By saving one full percentage point on your current rate you will end up saving a significant amount of money on your monthly mortgage payments in the future.
Author: Jeremy North
Tags: bank of america home loans > bank of america mortgage > bank of america mortgage rates > bank of america rates > bank of america refinance > home loan rates > mortgage rates > mortgage refinance rates