Bank of America Refinance Mortgage Rates – 30 Year Fixed Home Loans Hit April 2011 Lows at 4.6%
Posted on | April 29, 2011 | Comments Off
With the 10 year treasury rate yield now and April 2011 lows it comes as no surprise to see the 30 year fixed-rate drop all the way to 4.6%. When looking for Bank of America refinance mortgage rates is very important for homeowners to remember that Bank of America is the largest financial institution in the United States but not the only option when it comes to locking in the lowest interest rates at the present time.
As we get closer and closer to the summer of 2011 many analysts predict interest rates are likely to rise but this is yet to happen. Just this week the federal reserve bank announced that they are going to continue to keep interest rates low for an extended period of time. With this being the case some Americans will likely sit on the sidelines and wait for mortgage rates to drop even more.
Rather than doing this it may be a wise decision to take advantage of the low interest-rate environment while it is available. For anyone who has worked in financial markets it is quite evident that things can change quickly without notice. With this in mind there is a very good chance that interest rates could start to rise before some American homeowners have a chance to lock in low rates.
With over 7000 FDIC insured financial institutions throughout the country it should not be extremely difficult to find a mortgage lender who is offering great customer service to go along with low rates. It is important to remember that when making a major financial decision it is always advisable to step back and look at every aspect of this decision. If homeowners do not have the money to cover closing costs that it may not be advisable to go to the refinance process in April or May of 2011.
Author: Jeremy North
Tags: bank of america fixed rates > bank of america home loans > bank of america refinance > bank of america refinance mortgage rates > home loan interest rates > home loan mortgage rates