Weekend Mortgage Rates: Bank of America Purchase Deals Down Once Again
No person could have possibly foreseen another weekend heading our way of quite such a caliber, where Bank of America (NYSE:BAC) and countless other big level US lenders are offering mortgage rates at almost identical levels to those of last week, if not fractionally down in the best examples. As such, the stage is once again set for a weekend of potential bargains of truly epic proportions, where borrowers locking in the best deals right now cannot fail to truly revel in the long term savings.
For those looking to Bank of America to assist with a new or used home purchase today, the 30 year fixed rate deal can be taken out and locked in for 4.000% and APR of 4.183%, while the shorter 15 year fixed rate purchase package is now at 3.375% and APR of 3.698%.
Adjustable rates have also followed suit to end the week with incredible value for money, which today include the 7/1 purchase ARM at a rate of 3.125% and APR amounting to 3.349% variable, while the popular 5/1 ARM can be taken out starting at 2.750% and APR of 3.262% variable.
Where exactly the mortgage rates of today are likely to go over the days and weeks to come remains quite the mystery, though what cannot be argued is the striking value of the deals out there today waiting to be found by the proactive buyer.
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