Mortgage Rates Today: Refinance Packages from Bank of America Among Today’s Best
Never has such an extended period of incredibly low mortgage rates been offered to the American public, with Bank of America (NYSE:BAC) and countless others today continuing the seemingly endless run with an exceptional selection of refinance packages for current mortgage payers across the US. When held alongside higher rate terms millions are currently locked into, today’s rates offer quite astounding value for money and the potential for savings the likes of which have seldom been seen for many decades.
For those looking to save on their current term by way of the 30 year fixed rate refinance deal, Bank of America is today offering theirs for 4.250% and an APR figure amounting to 4.484%, while the shorter 15 year fixed rate deal is being offered for a competitive 3.750% and APR of 4.122%.
Adjustable terms could also see certain mortgage payers saving tens of thousands of dollars over the course of their loans, with the standard 7/1 ARM now being offered with a starting rate of 3.125% and APR of 3.405% variable, while 5/1 ARMs for the purpose of refinancing can be taken home for 3.000% and yield an APR of 3.355% variable.
Needless to say, any of the above deals represents staggering value for money when held alongside the tens of thousands of 6%+ mortgages being aid today, though once again it remains to be seen whether borrowers will heed the call and take advantage while the opportunity remains.
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