Friday Morning Mortgage Rates: Bank of America Refinance Deals Retain Solid Value
The current period has brought about quite simply some of the most golden opportunities for millions across the US to lock in an excellent refinance deal, with Bank of America (NYSE:BAC) leading the charge for value in many instances. This week has seen a number of minor fluctuations across the most popular mortgage packages of all, which has all but cancelled each other end to see the week end with the same high levels of promise with which it began.
Starting first with the most notable fixed rate refinance packages, those looking to lock in the best possible deal over the course of 30 years can today do so for 4.250% and APR of 4.468% , while for those whom the 15 year deal fits better, the package is not at 3.750% and APR of 4.095%.
Moving on to some of the better adjustable rate deals, the standard 7/1 ARM for refinance purposes is at 3.250% and APR amounting to 3.429%, while the alternative of the 5/1 ARM can be taken out starting at 3.000% and with an APR of 3.351% variable.
Needless to say, there is very little questioning any of the above rates in relation to value or the potential to offer massive savings, though with further fluctuations expected to follow in the coming days and weeks, the jury is well and truly out on which way rates will go.
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