Mortgage Rates Today: Excellent Value Home Purchase Loans Continue at Bank of America
With the new week well underway, Bank of America (NYSE:BAC) is today serving as conclusive evidence that the current run of striking value mortgage rates is indeed far from over, despite comprehensive predictions to the contrary. As it stands, those looking for the assistance of Bank of America with their new or used home purchase are today guaranteed quite striking value for money, with many rates remaining at levels unseen for quite a number of previous years.
In the case of the very best examples of fixed rate home purchase loans being offered this Tuesday, the standard 30 year fixed package can be taken out for a rate of 4.000% and APR of 4.197%, while the 15 year deal on the other hand is at 3.375% and APR of 3.703%.
Adjustable rate deals also appear to be following suit by way of excellent value, with the 7/1 home purchase arm today beginning at 3.125% and carrying an APR of 3.361% variable, while the alternative 5/1 ARM now carries an interest rate of 2.750% to begin and an APR of 3.264% variable.
As can clearly be seen, there is still every opportunity to combine the above rates with truly dwindling property prices to amount to an unmissable bargain, though whether this translates into genuine mortgage applications and market activity once again remains to be seen.
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