Mortgage Rates: Best Refinance Deals from Bank of America
Despite almost daily warnings regarding the imminent likelihood of mortgage rate hikes and the need for those looking to refinance to do so sooner rather than later, Bank of America (NYSE:BAC) and countless other major US lenders have once again defied the odds to end the week with exactly the same mortgage rates as those seen on Monday. Aside from fractional fluctuations here and there, the incredible value has remained constant and left many wondering exactly what it will take to see the current run of value come to an end.
In the case of the very best refinance packages being offered by Bank of America today, the popular option of the 30 year fixed rate loan can be taken out for 4.250% and APR of 4.464%, while those more interested in the 15 year fixed rate refinance can lock in a rate of 3.750% and an APR of 4.087%.
Adjustable rate refinance deals are also back to the same low levels as those seen on Monday, including the 7/1 ARM which has a starting rate of 3.250% and APR of 3.434% variable, while the 5/1 ARM on the other hand now begins art 3.000% and carries an APR of 3.356% variable.
Once again, the stage appears to be set for yet another unexpected weekend of value across many popular mortgage packages, though exactly what the coming week has in store remains very much open to debate.
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