Bank of America Refinance Mortgage Rates – Weekend Fixed Mortgage Interest Rates Under 4.5% for Some Borrowers
Posted on | May 14, 2011 | Comments Off
Over the last week the 10 year treasury rate yield has remained near the 3.2% mark which has help many American homeowners refinance to extremely low levels. Bank of America has reported 30 year fixed home loans as low as 4.5% for some borrowers. It is important to remember that only the best borrowers will be able to receive the lowest rate offers.
When looking for the lowest weekend refinance mortgage rates it is important to note that Bank of America is one of the largest mortgage lenders in the country but there are many options. By doing research online most will find that there are multiple local, regional and national lenders that are willing to go above and beyond to add new customers.
During the second full weekend of May it could be the case that many American homeowners are considering the refinance process as there is money to be saved. With many free mortgage calculators available online most savvy Americans can crunch some numbers and find out quickly how much can be saved by refinancing in May of 2011.
There are closing costs involved in the refinance process so it is imperative to add these into the calculations when determining how much can be saved. It is usually the case that customers desire to save at least one full percentage point in order to save by completing the refinance process.
As we get closer to the summer of 2011 there is a chance that mortgage rates could move higher due to the fact that the economy could improve. Rather than waiting for the economy to get better it might be a very wise decision to do extensive research online and see what options are available at the present time.
Author: Alan Lake
Tags: bank of america home loans > bank of america refinance > fixed mortgage rates > home loan interest rates > mortgage interest rates > weekend mortgage interest rates