Mortgage Rates Today: Bank of America Deals Once Again in Record Low Territory
With talk of record low mortgage rates once again dominating the industry today, Bank of America (NYSE:BAC) is among countless examples of major lenders demonstrating that the recent run of staggering value has quite a deal of life in it yet. Indeed, when combined with the affordable property prices and higher interest mortgages being paid across the US, the refinances and home purchase loans on offer this Monday morning represent truly striking value for money.
First looking at the very best home purchase mortgage rates from Bank of America, the standard 30 year fixed rate deal can be taken out for 4.125% and APR of 4.308%, while the popular 15 year fixed rate purchase loan is now at 3.500% and APR of 3.856%.
Adjustable rates for home purchase include the 7/1 ARM which today begins at 3.125% and an APR of 3.386% variable, while the 5/1 ARM on the other hand can be taken home starting at 2.875% and with an APR of 3.312% variable.
Moving now on to some of the very best refinance deals, the popular 30 year fixed rate package can be taken out and locked in for 4.250% and APR of 4.464%, while the 15 year deal on the other hand can be taken out for 3.750% and APR of 4.104%.
If adjustable rates seem to fit the bill better, the 7/1 refinancing ARM can be taken out beginning at 3.125% and APR of 3.404% variable, while 5/1 ARM deals are now at 2.875% to begin and carry an APR of 3.330% variable.
As can clears be seen, each and every one of the above deals represents excellent value for money, with record lows once again well and truly in sight.
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