Bank of America Refinance Mortgage Rates – Average Fixed 30 Year Home Loans at 4.7% on April 19
Posted on | April 19, 2011 | Comments Off
Bank of America refinance mortgage rates are still under 5% is average 30 year fixed home loan rates remain at 4.7% for borrowers with a very impressive credit score. It is very important to realize that Bank of America refinance mortgage rates at the lowest levels are only available for borrowers who have made very strong financial decisions even through the credit crisis.
To receive 30 years fixed home loan rates well under 5% it takes a credit score that is in excess of 740, a significant amount of home equity, and a very low debt to income ratio that is under 40%. By not meeting these financial requirements it is nearly impossible to lock in the interest rates that are below 5% at any financial institution.
While Bank of America continues to be the largest financial lender in the nation it is important to recognize that there are many options available. By doing research online Americans will find local, regional and national lenders that will be willing to offer very low interest rates with great customer service.
With over 7000 FDIC insured financial institutions throughout the United States Americans should be able to find wonderful opportunities to receive great customer service to go along with low interest rates. With the advancement in technology it is now the case that these individuals will be able to do as much research as they desire from the comfort of their home or office.
With almost every financial institution in the nation having a website and e-mail service Americans can get answers to those difficult questions without having to make a telephone call. It is sometimes the case that these financial lenders have live chat services were twitter answer and feeds that should help get answers even quicker than dialing a number.
Author: Mike Garner
Tags: average fixed home loans > average fixed mortgage rates > average home loan rates > bank of america fixed rates > bank of america home loans > bank of america mortgage rates > bank of america refinance