Bank of America Refinance Mortgage Rates – Home Loans Remain Low for 30 Year Fixed in Late August
Posted on | August 26, 2010 | No Comments
Bank of America refinance mortgage rates have remained extremely low levels for the entire month of August and this continues as the month comes to a conclusion. Home loans remain very low for the 30 year fixed mortgage. In fact, we are very close to all-time lows as the 30 year fixed is being quoted around 4.3%.
Borrowers must recognize that not all homeowners will have the ability to lock into the lowest possible mortgage interest rates. It will take a very impressive credit score and a low debt to income ratio to have any consideration to receive a mortgage rate quote below 4.5%. It will also take a significant amount of home equity.
By meeting these requirements many homeowners throughout the country will benefit from the low interest-rate environment. With Bank of America refinance mortgage rates and extreme lows there is a great amount of money to be saved. Many homeowners are finding that they save hundreds of dollars a month on a mortgage payment by simply refinancing to a lower overall rate.
Author: Jeremy North
Tags: bank of america mortgage rates > bank of america rates > bank of america refinance > home loan rates > mortgage rates > refinance loan rates > refinance mortgage rates > Refinance Rates
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