Bank of America Refinance Mortgage Rates – Fixed 30 Year Fixed Home Loans at 4.3% on June 14th, 2011
Posted on | June 14, 2011 | Comments Off
Over the last several months we have seen 30 year fixed mortgage rates drop as the 10 year treasury rate yield has dipped below its 200 day moving average. Now that home loan rates are below 4.5% it comes as no surprise to see many hard working Americnas looking for Bank of America refinance mortgage rates near all time lows.
It is important to realize that Bank of America is one of the largest financial institutions in the country but not the only option when it comes to locking in low home loan interest rates. By doing research online, most homeowners will find that there are a large number of local, regional and national lenders that can help when refinancing.
With over 7000 FDIC insured financial institutions throughout the country it should not be difficult to find home loan rates that are attractive. Doing financial homework often helps when it comes to saving my by refinancing. Luckily, most mortgage lenders have extensive websites that should help most better understand their options.
Before making any assumptions about low home loan interest rates it is very important to note that not all Americans will have the chance to lock in to the lowest rates. It takes an amazing financial history to have any chance at low rates. Most lenders will require a credit score above 740 and a debt to income ratio below 40% to have any chance to lock in to rates below 4.5%>
With 30 year fixed conventional home loan rates coming in around 4.3% on June 14th, 2011 there should be opportunities to save money for many homeowners. Even if they cannot lock in to the lowest rates there are still ways to save money by reducing a home loan payment in the spring and summer of 2011.
Author: Alan Lake
Tags: bank of america home loans > bank of america loan rates > bank of america mortgage rates > bank of america rates > fixed home loan rates > home loan interest rates