Mortgage Rates Today: Bank of America Refinance Deals for Tuesday
While a number of minor rises have been noted across most popular refinance packages over the course of the last few days, Bank of America (NYSE:BAC) is offering plenty of competitive packages this Tuesday with the potential to save many borrowers thousands on their current terms.
For those interested in the most popular 30 year fixed term remortgage package, Bank of America is today offering theirs at a rate of 4.375% which amounts to an APR of 4.583%, while the 15 year refinance deal with fixed interest can be taken out for 3.750% and a resulting APR 4.132%.
Adjustable terms are also offering some excellent value opportunities, with the 7/1 ARM for example now being advertised for 3.375% which amounts to a starting APR of 3.431%. The 5/1 ARM on the other hand can be entered into for 3.125% and an APR of 3.324% variable.
As the above figures show, there is still time to lock in an excellent value refinance deal and save considerable sums on current terms, though with a number of minor rises expected over the coming days, those procrastinating may indeed find they are very much on borrowed time.
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