Bank of America Refinance Mortgage Rates – 30 Yr Home Loan Interest Rates Around 4.1% This Weekend

Posted on | November 12, 2010 | No Comments

Bank of America refinance mortgage rates have helped many Americans save money by lowering a home loan mortgage payment. At the present time we are seeing thirty-year fixed home loan interest rates at 4.1% heading into the second weekend of November. Many Americans looking to save before the Christmas holiday shopping season it could be the case that they study and research refinancing to save that extra cash.


After the acquisition of Countrywide Bank of America became the largest mortgage lender in the country and it has retained net ratings sets. Even though this is the case it is important to understand that Bank of America is not the only option when it comes to finding the lowest refinance mortgage rate. By simply doing some research many homeowners will find that there are local and regional lenders that can help when it comes to locking in the lowest home loan interest rates.


It is also important to understand that it takes an amazing financial history to have any opportunity to lock in to the lowest possible refinance rates. Having a credit score that is well below 680 will make it extremely difficult to find low mortgage rates at the present time. It is ideal to have a credit score above 740 and in debt to income ratio below 40%.

Author: Alan Lake

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