Bank of America Refinance Mortgage Rates – Mid April 30 Year Home Loan Rates Slightly Under 5% for Borrowers
Posted on | April 12, 2011 | Comments Off
As we start making our way towards the summer of 2011 many analysts predict that interest rates will start to rise at a very quick pace. At the present time we are seeing Bank of America refinance mortgage rates around 4.85% for the 30 year fixed as it has moved up slightly over the last few days.
With home loan interest rates mimicking the 10 year treasury rate yield it will be very interesting to see what happens over the next several weeks. At the present time we are seeing the 10 year yield very close to breaking out above its 50 day moving average. If this happens we can fully expect to see 30 year fixed mortgage rates move well through 5%.
While Bank of America is currently the largest financial institution in the country it is very important to recognize that there are many other options available. By doing research online most will find that there are a large number of regional and local lenders that can help when it comes to locking in low interest rates with great customer service.
With over 7000 FDIC insured banks throughout the country should not be extremely hard to find financial institutions that will be willing to go above and beyond to help when it comes to saving a little bit of extra cash. Fortunately, with the advancements in technology it is now much easier than it has ever been to find these financial institutions.
When looking to lock in the lowest possible interest rates it is important to remember that it takes an amazing financial history. With a credit score that is about 740 and a debt to income ratio below 40% many Americans will find that they have positioned themselves very well when it comes to opportunities to save money with the lowest possible interest rates.
Author: Alan Lake
Tags: april home loan rates > bank of america home loans > bank of america refinance > home loan interest rates > home loan mortgage rates > mortgage interest rates