Bank of America Refinance Mortgage Rates – October 2011 Weekend Rates Slightly Lower as 10 Year Yield Hits 1.9%
Posted on | September 30, 2011 | Comments Off
Over the last week we have seen great volatility in the overall stock market while also seeing volatility in the 10 year treasury rate yield. On Friday we saw the 10 year yield dipped to a level around 1.9% which in turn has pushed average 30 year fixed mortgage rates towards 4.25% again.
Many hard-working Americans continue to seek Bank of America refinance mortgage rates in hopes of finding some of the lowest possible rates in recent memory. Unfortunately, some Americans will likely find October 2011 interest rates slightly higher if they have made poor financial decisions in the recent past.
As we get closer to the winter of 2011 there is a very strong possibility that we could see interest rates start to move higher as the overall economy improves. Even if the economy does not drastically improve it will still be true that bad credit borrowers will need to make good financial decisions have any opportunity to lock in the low 30 year fixed refinance rates.
While Bank of America is one of the largest financial institutions in the country it is important to recognize that they are not the only option when it comes to refinancing home loan. By doing extensive research on line most will find that there are over 7000 financial institutions nationwide that are supported by the FDIC.
By getting several mortgage interest rate quote from competitive lenders individuals will likely find that there are plenty of opportunities to save money. Unfortunately, some individuals continue to go into this process blind and end up missing out on saving hundreds and possibly even thousands of dollars down the road.
Author: Alan Lake
Tags: bank of america home loans > bank of america mortgage rates > bank of america refinance rates > home loan interest rates > october bank of america rates > october home loan rates