Bank of America Refinance Mortgage Rates – Lowest Home Loans Drop to 4.25% for 30 Year

Posted on | September 3, 2010 | No Comments

Bank of America Refinance mortgage rates remain at very attractive levels as the 30 year fixed is at 4.25%. These are the lowest home loan bubble’s we have seen in the history of United States housing market and many American standard benefit greatly by going to the refinance process. It is important to note that there or closing costs involved in the mortgage refinance process.


With this being the case the general rule of thumb is that Americans must save at least one full percentage point on their current home loan rate. With 30 year fixed rates being quoted as low as 4.25% it should not be very difficult for Americans to lock in to rates that these historically low levels. It will take a great credit score and a low debt to income ratio to receive refinance rates this low.

Bank of America is currently one of the biggest mortgage lenders in the country but it is extremely important to understand that they are not the only option. When doing research online there many banks and lending institutions that can help homeowners find low interest rates as well as give great customer service.

Author: Mike Garner

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