Bank of America Refinance Mortgage Rates – Lowest Weekend 30 and 15 Year Home Loan Rates in History
Posted on | September 25, 2010 | No Comments
Bank of America refinance mortgage rates have helped many Americans save a great deal of money over the last several years. At the present time we are seeing the lowest weekend 30 year and 15 year fixed mortgage rates in the history of the United States housing market. Many lenders are reporting 30 year rates as low as 4.25% and 15 year fixed rates as low as 3.7%.
Before making any final assumptions it is very important to realize that it takes a great credit score and a very low debt to income ratio to have any opportunities to lock in to these lowest Bank of America refinance mortgage rates. By doing research online many homeowners will find that it takes a credit score above 740 and a debt to income ratio below 40% to lock in to these low rates.
There are also many mortgage calculators online to help Americans better understand just how much money they can save. It is important to remember that there are closing costs involved in the refinance process so these must be added into the equation. Taking the extra effort to do research online could prove to save a great deal of money in the long run.
Author: Tiffany Mann
Tags: bank of america mortgage rates > bank of america rates > bank of america refinance > lowest mortgage rates > lowest refinance > mortgage interest rates > mortgage refinance rates > Refinance Rates
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