Bank of America Refinance Mortgage Rates – Home Loan Interest Rates Bounce Off All Time Lows to 4.15% on November 11

Posted on | November 11, 2010 | No Comments

Just last week we saw Bank of America refinance mortgage rates at all-time lows as the 30 year fixed mortgage rate was as low as 4%. Recently we have seen home loan interest rates bounce off these lows and move all the way up to 4.15%. Even though interest rates have moved up it is still the case that there are many opportunities to save by refinancing in November of 2010.


The Federal Reserve Bank is worked very hard to keep the 10 year treasury rate yield low but it could be the case that it has hit a double bottom has started to move higher. If this is true in mortgage rates will likely move up as the economy recovers over the next several months and years. Taking advantage of the current low interest rates could help save quite a bit of money for many American households before the Christmas holiday season.


It is important to realize that it takes an amazing credit score and a very low debt to income ratio to have any opportunities at low refinance mortgage rates. The lock-in to a 30 year home loan interest rate under 4.5% it generally takes a credit score above 740 and a debt to income ratio that is well below 40%.

Author: Mike Garner

Comments