Bank of America Refinance Mortgage Rates – 30 Yr Home Loans See Interest Rates Around 4.25% Today
Posted on | November 24, 2010 | No Comments
As we get closer to Thanksgiving and the Christmas holiday shopping season it is the case that many Americans will likely spend more money on travel and Christmas gifts. Rather than letting this money go down the drain without savings other places it may be a good idea to take advantage of currently low Bank of America refinance mortgage rates.
At the present time we are seeing 30 year fixed home loan interest rates around 4.25% which is very attractive for borrowers looking to save money. By saving one full percentage point many Americans will see great savings on monthly mortgage payments in the future. If homeowners can not save one full percentage point and is often the case that closing costs outweigh the benefits.
Bank of America is currently the largest mortgage lender in the country after their purchase of Countrywide during the credit crisis. Even though this is the case it is very important to remember that they are not the only option when it comes to locking in the lowest 30 year home loan interest rates. There are many national, regional and local mortgage lenders that can help homeowners find very low mortgage rates and the current economic environment.
Before make any final assumptions when it comes to refinance mortgage rates it is very important to remember that it takes an amazing credit history to have any opportunity at these low rates. With a credit score above 740 and an extremely low debt to income ratio homeowners with equity in the home will have chances to lock in low mortgage rates.
For those who have not been smart with their money over the last several years it could be very difficult to find no interest rates on home loans, credit cards or car loans. Lenders are much more strict with their practices after the credit crisis and it is no longer the case that bad credit borrowers will perceive low interest rate offers.
Author: Mike Garner
Tags: bank of america 30 year fixed rates > bank of america home loan > bank of america home loans > bank of america mortgage rates > bank of america refinance > home loan interest rates
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