Monday Morning Mortgage Rates: Strong Start to the Week with Low Bank of America Home Purchase Deals
Following yet another weekend of incredible value mortgage rates from countless US lenders, Bank of America (NYSE:BAC) looks to be starting the week off in familiar style once again. With some of the excellent home purchase rates this morning holding much or all of their value from recent days and weeks gone by, the potential to lock in a truly golden deal has not yet escaped ad had been predicted.
First turning attention to some of the very best fixed rate deals to be offered by Bank of America this morning, the standard 30 year fixed package is now at a rate of 4.000% and an APR of 4.161%, while the alternative 15 year fixed contract is at 3.375% and APR of 3.662%.
Adjustable terms are also very much holding their own by way of excellent value, with the 7/1 ARM now being offered at a rate of 3.000% and APR of 3.292%, while those looking to invest in the 5/1 ARM will today find the loan at a rate of 2.750% and an APR amounting to 3.243% variable.
As can clearly be seen, the rich pickings that had been predicted to expire long before now are still very much alive and kicking, though exactly what they rest of the week has in store remains very much open to debate.
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