Bank of America Refinance Mortgage Rates – Home Loan Interest Rates on September 16 Around 4.35%
Posted on | September 16, 2010 | No Comments
Bank of America refinance mortgage rates continue to be a very attractive levels as many Americans are noticing that home loan interest rates are around 4.35% for the 30 year fixed mortgage. On September 16, 2010 we are seeing extremely low rates but it is important to realize that not all Americans can login to the lowest possible mortgage interest rates today. It takes a very good credit score and extremely low debt to income ratio to have any opportunities to save money by refinancing.
Bank of America remains the largest mortgage lender in the country but it is very important to realize that they are not the only option when it comes to locking in the low refinance mortgage rates. By doing research online many homeowners will likely find that there are mortgage lenders in their area that are offering very attractive refinance mortgage rates offers for a 30 year fixed home loan.
The general rule of thumb is that most homeowners should save at least one full percentage point before going through the refinance process. By not saving this one full percentage point it will likely be the case that closing costs outweigh the benefits of the mortgage refinance.
Author: Alan Lake
Tags: bank of america home loans > bank of america refinance > home loan interest rates > home loan mortgage rates > mortgage loan rates > mortgage refinance > refinance mortgage rates
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