Bank of America Refinance Mortgage Rates – New 2011 Lows for Home Loan Rates as 10 Year Treasury Rate Yield Dips
Posted on | September 22, 2011 | Comments Off
Yesterday we saw the 10 year treasury rate yield dip to a level below 1.9% which is the lowest we have seen in 2011. With this being the case we are now seeing 30 year fixed mortgage rates as low as 4.25% for many homeowners with a very impressive credit history and a low debt to income ratio.
Bank of America refinance mortgage rates continue to be a very hot topic for many American homeowners who are looking to save money with lower monthly mortgage payments. While Bank of America is one of the largest financial institutions in the country it is very important to realize that there are many options available in September 2011.
The FDIC currently insures over 7000 financial institutions and many of these banks have home loan products. WIth the advancements in technology it is now much easier than it has ever been to do extensive home loan research from the comfort or a home of office.
This could save many a significant amount of time and money. Unfortunately, some individuals go into this process blind and they do not realize that there are opportunities to negotiate lower closing costs. By accessing the HUD website many will be able to better understand each and every step of the refinance process.
Over the next several weeks it will likely be the case that more and more Americans consider refinancing a home loan. Before doing so it might be smart to do research online and crunch some numbers with one of the many free mortgage calculators. This will allow individuals to recognize just how much money they can save in September or October of 2011.
Author: Jeremy North
Tags: bank of america home loans > bank of america refinance > home loan bank of america rates > home loan interest rates > lowest bank of america rates > lowest home loan rates