Bank of America Refinance Mortgage Rates – 4.25% Home Loans for Great Credit Score Home Owners Today
Posted on | September 29, 2010 | No Comments
Over the last few weeks many Americans have become very interested in Bank of America refinance mortgage rates. With home loans at 4.25% for 30 year fixed mortgages it comes as no surprise to see great credit score borrowers looking to save money in the current economic environment. Remember that it takes a credit score above 740 to have any opportunities at these low rates.
Bank of America is currently the largest mortgage lender in the nation after purchasing Countrywide during the credit crisis. There’re many home loans that Bank of America currently has on its books and it should come as no surprise to see many of these homeowners looking to save money by going to the Bank of America refinance process. It is important to understand that not all homeowners will receive home loan interest rates at 4.25%.
The general rule of thumb is that homeowners must save at least a full percentage point to fully benefit from refinancing in the current low interest rate environment. Luckily, there are many Americans who have done very well with their money over the last several years and they could refinance to interest rates well below 5% at the present time. With mortgage rate predictions pointing towards the rate for quite some time homeowners may have time to improve their credit score.
Author: Alan Lake
Tags: bank of america home loans > bank of america mortgage rates > bank of america refinance > bank of america refinance loans > home loan refinance rates > refinance home loans > refinance mortgage rates
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