Mortgage Rates Today: Thursday Refinance Packages from Bank of America
Recent weeks has seen refinance deals being offered across the US with the very real potential to save average homeowners thousands every year on their current terms, though as has been noticed by Bank of America (NYSE:BAC) and a myriad of others, interest from consumers seems almost impossible to snag, regardless of the value of the rates on offer. Indeed, today is likely to prove no exception, with competitive refinance options available with various terms and little to no significant increase in overall mortgage activity from consumers.
The most popular 30 year fixed term option for refinance deals is today being advertised at a rate of 4.375% and a resulting APR of 4.603%, while the alternative 15 year term can be locked in for a rate of 3.750% and an APR amounting to 4.108%.
For those more interested in the variable options on offer today, the 7/1 ARM for refinances is being advertised at a starting rate of 3.125% and an APR amounting to 3.340%, while the shorter 5/1 ARM is now at 3.000% and an APR figure of 3.285% variable.
It goes without saying that at this point in time all hopes of an imminent housing market boom have all but died, but this does not mean that there is not still ample opportunity for those looking for a great deal to find exactly that and save considerable sums of money.
Related posts: