Bank of America Refinance Mortgage Rates – September 13 Fixed Home Loans Dip with 10 Year Yield Lower
Posted on | September 13, 2011 | Comments Off
Over the last several years millions of Americans have noticed the interest rates are very close to all-time lows which is push some of these individuals to consider refinancing home loan. Bank of America refinance mortgage rates remain a very hot topic for those looking to save money on lower home loan payments.
While Bank of America is one of the largest financial institutions in the country all American homeowners should recognize that there are a plethora of options available in September of 2011. By doing extensive research online most will find that there are local and regional lenders that will be more than willing to go above and beyond when it comes to refinancing a home loan in late 2011.
On September 13, 2011 we are seeing 30 year fixed mortgage rates around 4% for borrowers with a great credit history. This generally means that individuals need a credit score above 740 and a debt to income ratio below 40% to lock into these very low interest rates at the present time.
Unfortunately, some Americans made very poor financial decisions in the recent past which could make it quite difficult to lock into low rates. By doing extensive research individuals will find that they can receive a free annual credit report that is supported by both the FTC and federal government. This free credit report is only available at one website – annualcreditreport.com.
By accessing this credit report and better understanding how creditors look at a specific financial situation it could be a case of some Americans can save money. It may also be a very good decision to make certain that there are no mistakes or errors that could negatively affect the credit score. Unfortunately, some Americans could see their credit score drop due to inaccuracies on a financial history report.
Author: Mike Garner
Tags: bank of america mortgage rates > bank of america refinance rates > fixed home loan rates > home loan rates > september fixed home loans > september home loan rates