Bank of America Refinance Mortgage Rates – Current 30 Year Fixed Home Loans Reach 4.65% on Thursday, April 20
Posted on | April 21, 2011 | Comments Off
Bank of America refinance mortgage rates have been at very attractive levels for quite some time as the 10 year treasury rate yield continues to remain at or below its 50 day moving average. At the present time we are seeing 30 year fixed home loan rates at 4.65% for borrowers with a very impressive credit history.
It is very important to note that it takes an amazing financial history to have any opportunity to lock in to the lowest possible interest rates. Unfortunately, many Americans have seen their credit score dropped due to bad financial decisions in the recent past. With this in mind it is always important to pay bills on time and in full.
As we get closer to the summer of 2011 there is a very good chance that we could see mortgage interest rates start to rise due to the fact that the 10 year treasury rate yield could begin an uptrend in the overall economy looks to be getting better. But the stock market making multi year highs almost every single month and the unemployment rate below 9% many analysts feel that we are going to see strong growth in the economy very soon.
With millions of Americans looking to save his mud money as possible it should come as no surprise to see many individuals looking to refinance a home loan in April of 2011. It is very important to recognize that a credit score above 740, a debt to income ratio below 40% and a significant amount of home equity are almost required to lock into the lowest rates.
With Bank of America being the largest mortgage lender in the country and many people will use this financial institution but it is important to recognize that there are over 7000 FDIC insured banks throughout the country. By doing research online many will find that there are several opportunities at the local and regional level.
Author: Jeremy North
Tags: bank of america home loans > bank of america interest rates > bank of america loans > bank of america refinance > home loan interest rates > home loan mortgage rates