Thursday Morning Mortgage Rates: Bank of America Refinance Packages Survive Minor Hikes in National Averages
While a number of international and domestic factors may have contributed to a fractional rise in national average mortgage rates, Bank of America (NYSE:BAC) is once again reminding us all that it will take a great deal more than minor fluctuations to fully stem the tide of the current run of value. Of course, any upward movement is less than ideal news for the borrower, though there is still ample opportunity to secure one of the best value deals seen in recent years before any further increases are given the chance to come along.
Looking now at some of the very best examples of refinance loans being offered by Bank of America this Thursday morning, those looking for the standard 30 year fixed rate package will find it available for 4.250% and an APR of 4.463%, while the equally popular 15 year term is now at 3.750% and an APR of 4.123%.
Adjustable rate terms of particularly notable mention today include the 7/1 ARM which now starts at 3.125% and APR of 3.406%, while the shorter 5/1 ARM is being advertised for 3.000% and an APR amounting to 3.356% variable.
Taking into account many of the higher rate mortgages currently being paid across the US, each and every one of the above deals represents excellent value for money. However, with further upward movement predicted by many for the days and weeks to come, the chance to take full advantage may at last be close to expiring once and for all.
Related posts: