Bank of America Refinance Mortgage Rates – Weekend January Home Loans at 4.5% for 30 Year Fixed
Posted on | January 14, 2011 | No Comments
Bank of America refinance mortgage rates remain a very attractive levels as the 30 year fixed mortgage rate is around 4.55% heading into this weekend. For the month of January we have seen 30 year fixed mortgages range from 4.55% to 4.75%. We are currently sitting at the 2011 well which will likely make it very attractive for homeowners to consider refinancing.
Before making any assumptions it is very important to remember that it takes an impressive credit history to have any opportunity at low interest rates. When borrowing money to any type of loan including a personal loan, car loan or home loan it is very important to recognize that a credit score above 740 is desired to receive the lowest rates.
This is very true when it comes to Bank of America refinance mortgage rates as most mortgage lenders have become very strict with their lending practices. It is no longer the case that bad credit borrowers will be able to borrow money at very attractive interest rates. It is also important to remember that Bank of America’s largest mortgage lender in the country but definitely not the only option.
With the advancements in technology it is now possible for all Americans to do research online and better understand what options are available when it comes to refinancing home loan. Some homeowners could be shocked to find that there are local and regional lenders that will offer great customer service with very low interest rates.
As we get deeper and deeper into 2011 and will likely be the case that mortgage rates continued to fluctuate as the overall economy improves. For quite some time the Federal Reserve Bank is stated that interest rates will move up as the economy gets better. If homeowners truly feel that the economy is getting much better than it would be wise to take advantage of the low refinance mortgage rates available in January.
Author: Alan Lake
Tags: bank of america home loans > bank of america mortgage rates > bank of america refinance > home loan interest rates > mortgage interest rates today > weekend january home loans
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