Bank of America Refinance Mortgage Rates – 30 Year Home Loan Interest Rates at Lowest 2010 Range
Posted on | August 29, 2010 | No Comments
Bank of America refinance mortgage rates have been a very hot topic of discussion when it comes to personal finances. Many Americans realize that 30 year home loan interest rates are at the lowest 2010 range so it might be smart to consider refinancing today. Some homeowners have saved hundreds of dollars a month by refinancing in 2010.
It is very important to realize that it takes a great credit score with a low debt to income ratio to lock in to these low Bank of America refinance mortgage rates. It is also important to understand that Bank of America is currently the largest mortgage lender in the country but they are definitely not the only option as this is a competitive industry.
Over the last several weeks it has been the case that most mortgage applications have been to refinance. In fact, almost 80% of total applications have been mortgage refinance applications. This comes as no surprise as many first time home buyers are sitting on the sidelines waiting for a government incentive such as another first time home buyer tax credit but it does not look as if this is going to happen soon.
Author: Alan Lake
Tags: bank of america home loans > bank of america mortgage rates > bank of america rates > bank of america refinance > home loan refinance rates > mortgage rates > refinance mortgage rates
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