Bank of America Refinance Mortgage Rates – 30 Year Home Loan Interest Rates at 4.2%

Posted on | September 22, 2010 | No Comments

Bank of America refinance mortgage rates have recently dropped all time lows as the 30 year fixed home loan interest rate is at 4.2%. At the beginning of September 30 year fixed mortgage rates dropped all the way down to 4.25% before moving back up to 4.4%. After the Fed meeting yesterday it is now the case that we are seeing refinance interest rates at all-time lows around 4.2%.


Before making any assumptions that all homeowners will have the ability to lock into these low mortgage interest rates is important to realize that it takes an extremely good credit score and a low debt to income ratio to lock into these low refinance mortgage rates. It is also important to realize that Bank of America is currently the largest mortgage lender in the country but they are definitely not the only option when it comes to low refinance mortgage rates.

Taking the time and effort to do research online could be greatly beneficial for homeowners looking to save money by refinancing. With her great credit score and a low debt to income ratio there were many opportunities to save as 30 year fixed refinance mortgage rates are at all-time lows. Some homeowners are finding that they could save hundreds of dollars a month on a mortgage payment.

Author: Alan Lake

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