Home purchase and mortgage rates at Bank of America (NYSE:BAC) today are largely off to a similar start as a week ago, with genuine lows across the board which aren’t a million miles away from the recent spate of record-lows. Exactly what the rest of the week has to bring remains unknown, but for the time being at least there are some excellent deals to be had by those willing to lock in one of the bets rates of the day this Monday.
Home purchase mortgage rates first and Bank of America kicks things off with the 30 year fixed rate loan from as little as 3.250% and APR of 3.435%, while those opting for the shorter 15 year deal can expect to pay 2.750% and APR of 2.883%.
For home buyers looking to invest with an adjustable rate home purchase package, Bank of America is today listing the 5/1 ARM with an opening rate of 2.625% and an APR of 3.094% variable.
Turning attention now to the very best home refinance mortgage rates of the day and Bank of America is offering the 30 year fixed rate home loan for 3.500% and APR of 3.636%, while the shorter 15 year version of the same loan can be taken out and locked in for 2.750% and APR of 2.992%.
Those looking to refinance their home with an adjustable rate loan will today find the 7/1 ARM from Bank of America being offered for 2.500% to start and APR of 3.061% variable.
Please see individual lender websites for full details, along with all borrowing terms and conditions.