Bank of America Refinance Mortgage Rates – April 18 Home Loans at 4.7% for Most Borrowers Nationwide
Posted on | April 18, 2011 | Comments Off
Bank of America Refinance mortgage rate remain at very attractive levels as the 10 year treasury rate yield is still right at its 50 day moving average. At the present time we are seeing 30 year fixed home loan interest rates around 4.7% for borrowers who have a very impressive financial history and a credit score that is above 740.
It is very important to note that not all Americans will receive the lowest refinance mortgage rate offers. The lock-in to the lowest interest rates in April 2011 homeowners will need equity in a home loan, a debt to income ratio below 40%, and a very impressive credit score that exceeds 740. By not meeting these financial requirements many homeowners will find interest rate offers that are slightly higher.
Although Bank of America is currently the largest financial institution in the country is definitely not the only option when it comes to receiving low interest rate offers. By doing research online almost all American homeowners will find that they are local and regional lenders they will be more than willing to offer low interest rates with very good customer service ratings.
Instead of accepting the first interest rate offer it is always a wise choice to check the competition and see what is available. With over 7000 FDIC insured banks throughout the country and should not be overly difficult to find a financial institution they will be willing to work in the best interest of its customers.
When making any major financial decision it is always a wise choice to do extensive research before signing on the dotted line. With the advancements in technology it is now much easier than it has ever been to do personal finance research from the comfort of a home or office. This could provide extra knowledge that will help Americans save quite a bit of extra cash.
Author: Jeremy North
Tags: bank of america home loan > bank of america mortgage rates > bank of america refinance > bank of america refinance rates > home loan interest rates > home loan mortgage rates