Bank of America Refinance Mortgage Rates – Home Loans Down in August at 30 Year Fixed Hits 4.25%

Posted on | August 20, 2010 | No Comments

Bank of America refinance mortgage rates continue to defy all laws and stay near historical lows for an extended period of time. Home loans are down in August of 2010 as the 30 year fixed mortgage is at 4.25% for well qualified homeowners. It is important to understand that homeowners will need equity in their home, a low debt to income ratio, and a very good credit score.


By meeting these requirements many homeowners could save a significant amount by refinancing today. Some homeowners are finding out that they can save as much as hundreds of dollars a month with a lower mortgage interest rate. It is important to remember that results may vary based on financial situations but there are savings available by refinancing to a lower rate.

Bank of America is currently the largest mortgage lender in the country but they are not the only option. By researching online many borrowers may find that there are other options available that offer great customer service and a very low interest rate. With this being a competitive industry it is always wise to exhaust the resources.

Author: Mike Garner

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