Bank of America Refinance Mortgage Rates – Pre Christmas 30 Year Home Loans Dip to 4.75% for Borrowers
Posted on | December 20, 2010 | No Comments
The roller coaster ride former Bank of America refinance mortgage rates continues as 30 year fixed mortgage rates are currently around 4.75% down from 5.25% last week. Since the beginning of November we have seen a very large range from 4.0% all the way up to 5.25% for the conventional 30 year fixed rate.
With extreme volatility it will likely be the case that many American homeowners step back and wait for this Christmas to pass. December is usually a slow month for refinance activity anyway so it comes as no surprise to see mortgage applications that greatly during the final months of 2010.
With many New Year’s resolutions related to personal finances it will likely be the case that millions of Americans consider going to the refinance process in January or February of 2011. Many of these homeowners are hoping that 30 year fixed mortgage rates drop all the way down to 4.5% or lower but no one knows what will happen until the new year is upon us.
Taking the time and effort to do homework and research could prove to be greatly important when it comes to locking in the lowest home mortgage interest rate. While Bank of America is currently the largest mortgage lender in the country there are many other options that are available. With the advancements in technology it is now the case in almost every mortgage lender at the local, regional and national level can offer assistance via live chat or through e-mail.
With millions of Americans worried about Christmas and spending time with loved ones and will likely be the case that this research is not done until after the Christmas holiday or the beginning of the new year. Even though this is the case there still many thrifty homeowners who are looking for an opportunity to save as much money by locking into refinance mortgage rates at 4.5%.
Author: Mike Garner
Tags: bank of america home loans > bank of america interest rates > bank of america mortgage rates > bank of america refinance > home loan interest rates > mortgage interest rates today
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