Mortgage Rates for Monday: Bank of America Refinance Deals Gathering Further Strength
Despite the fact that key analysts and observers across the board had agreed that the current run of value would have expired long before now, Bank of America (NYSE:BAC) and many other major US lenders are once again offering refinance deals with strength that seems all but unstoppable. As it stands, those who choose to invest this week while the opportunity remains stand to save tens of thousands of dollars on their current mortgage terms, adding up to another golden week for those willing to take a proactive plunge.
First looking at the most popular refinance packages of all, the standard 30 year fixed rate deal can today be taken out for 4.250% and an APR of4.471%, while those looking for 15 year deals can lock theirs in for 3.750% and APR of 4.100%.
Adjustable term deals are also back to quite incredible levels of strength, with the standard 7/1 ARM today being offered for 3.250% and APR of 3.431%, while the 5/1 ARM begins this Monday at a rate of 3.000% and APR of 3.353% variable.
As the above figures clearly display, this week is once again looking to provide opportunities that most never saw coming, allowing millions of homeowners across the US to consider lowering their current outgoings and see abundant extra cash in their pockets each and every month.
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