Bank of America Refinance Mortgage Rates – Weekend Home Loans Hit 4.75% in Mid April 2011
Posted on | April 15, 2011 | Comments Off
Bank of America Refinance mortgage rates have been a very attractive levels for several years due to the fact that the overall economy has greatly struggled. At the present time we are seeing 30 year fixed mortgage rates around 4.75% for borrowers who have made very strong financial decisions in the recent past.
It is important to note that these home loan interest rates are only available for Americans with a credit score above 740, a debt to income ratio below 40% and equity in a home. By not meeting the financial requirements is often very difficult the lock-in to the lowest possible mortgage interest rates today.
It is also important to recognize that Bank of America is currently the largest financial institution in the United States but definitely not the only option when it comes to locking in low rates. When doing research online most will find that there are many local and regional lenders that will be more than willing to offer great customer service to go along with extremely low interest rates.
With over 7000 FDIC insured banks throughout the country Americans should do their research before making any final decisions. By getting several mortgage interest rate quotes homeowners will better understand what range they will likely receive when it comes to refinancing home loan and April of 2011.
When going to the refinance process it is important to understand that there are closing costs involved. Unfortunately, some Americans will find the closing costs outweigh benefits which in turn will waste not only time but money. The general rule of thumb is that American homeowners should desire to save at least one full percentage point if they plan to save a significant amount when refinancing.
Author: Jeremy North
Tags: bank of america home loans > bank of america rates > bank of america refinance > home loan interest rates > home loan mortgage rates > mortgage interest rates today > weekend home loan rates