Bank of America Refinance Mortgage Rates – September 20 Fixed Home Loans Dip to New Monthly Lows
Posted on | September 20, 2011 | Comments Off
On September 20th, 2011 we are seeing the 10 year treasury rate yield under 2% which means that 30 year fixed mortgage rates are getting very close to the lowest levels in recent memory. Many continue to seek Bank of America refinance mortgage rates but remember that there are many options available at the present time.
With 30 year fixed home loan interest rates still under 4.5% many will submit refinance applications to Bank of America, Wells Fargo, Citigroup and JP Morgan Chase but it is important for all Americans to recognize that there are many options available. As of September 2011 there are over 7000 financial institutions insured by the FDIC.
Taking the time and effort to research local and regional lenders could prove to be very helpful to those looking to save money by refinancing. Rather than allowing this opportunity to pass by it may be smart to contact at least a few mortgage lenders to see if there are any options when it comes to saving a significant amount of money.
VA and FHA home loan rates continue to be a hot topic as some individuals are seeking different mortgage types. Remember that these home loan rates can be slightly higher but some lenders have reported that 30 year fixed conventional mortgage rates continue to come in very close to VA and FHA home loan rates.
When looking to save the most money possible it would be wise to have a credit score that is above 740 and a debt to income ratio that is under 40%. By meeting these financial requirements most will find that there are plenty of opportunities to negotiate lower interest rates with almost any mortgage lender in the United States.
Author: Alan Lake
Tags: bank of america home loans > bank of america mortgage rates > boa home loans > boa refinance mortgage rates > fixed home loan rates > home loan mortgage rates > september bank of america rates