Bank of America Refinance Mortgage Rates – December 13 Home Loans Hit 4.75% Interest Rates for Homeowners
Posted on | December 13, 2010 | No Comments
As December is almost half way over we are seeing 30 year fixed mortgage rates around 4.75% which is a multi-month high. Bank of America refinance mortgage rates were as low as 4.0% at the beginning of November but the acceleration higher in the 10 year treasury rate yield has pushed interest rates up greatly.
As we get closer and closer to the Christmas holiday it is generally the case that Americans are more concerned with issues related to traveling and spending time with loved ones. With this being true and is highly unlikely that refinance activity will pick up over the next few weeks.
Even though this is the case there still many thrifty American homeowners that are looking to save as much money as possible even during the Christmas holiday shopping season. It is important to understand that it takes an amazing credit score, usually about 740, to have any opportunity to lock into the lowest refinance mortgage rate. It is also important to remember that Bank of America is one of the largest mortgage lenders in the country but they are definitely not the only option.
By doing a little bit of extra research and homework online almost all homeowners will find that there are multiple mortgage lenders located at the local, regional and national level. Many of these lenders will be more than happy to help customers obtain a low interest rate quote along with great customer service.
Even though many Americans are greatly struggling when it comes to personal finances are still many opportunities to save money by taking advantage of the current low interest rate environment. By refinancing home loan or locking into lower interest rates on a credit card some Americans could end up saving hundreds of dollars a month which could be very significant going into January 0f 2011.
Author: Mike Garner
Tags: bank of america december loans > bank of america home loans > bank of america mortgage rates > bank of america refinance rates > december home loan rates > home loan interest rates
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