Bank of America Refinance Mortgage Rates – Home Loans Off All Time Lows at 4.3% for 30 Year Fixed
Posted on | August 19, 2010 | No Comments
Bank of America refinance mortgage rates are slightly off their all-time lows but we are still seeing 30 year fixed mortgage rates at 4.3%. With home loans being very close to 4.25% it should come as no surprise to see many American homeowners thinking about refinancing in the current economic environment. Before making any assumptions homeowners must understand that they have to qualify for these low rates.
To qualify for the lowest possible Bank of America refinance mortgage rates it usually takes a credit score that is above 740, equity in the home, and the debt to income ratio that is well below 40%. By meeting all these requirements it will likely be the case that homeowners have a great opportunity to refinance to the lowest possible mortgage interest rates in the history of the United States housing market.
There were many free resources available online to help homeowners better understand what options they have. One resource that is wise to use is an Experian free annual credit report offered by the government. It is important to remember that this annual credit report is only available at the website annualcreditreport.com.
Author: Alan Lake
Tags: bank of america home loans > bank of america loans > bank of america mortgage rates > bank of america rates > bank of america refinance > home loan rates > home loans > refinance mortgage rates
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