Mortgage rates at Bank of America (NYSE:BAC) are largely a mixed bag today, with most offering genuinely exceptional value for money though not on quite the same level of rivals including Wells Fargo (NYSE:WFC) for one. Home purchase mortgage rates in particular have remained relatively stationary for quite some time now and continue to represent excellent investment opportunities, while minor fluctuation and little more have crept into the hugely attractive refinance options at major US lenders.
Home purchase mortgage rates first and this Tuesday morning sees Bank of America offering the standard 30 year fixed rate home loan for as little as 3.375% and with an APR of 3.542%, while the 15 year variant can be taken out and locked in for as low as 2.875% and APR of 3.173%.
If looking to invest in a new or used home today with an adjustable rate purchase package from Bank of America, the standard 7/1 ARM is being advertised with an opening rate of 2.750% and an APR of 3.135% variable, while the 5/1 ARM can be taken home starting from an attractive 2.500% and carrying an APR of 3.091% variable.
Moving on to home refinance mortgage rates now and Bank of America sets a strong standard across the board once again. As of today, the benchmark 30 year fixed rate package is being offered for 3.625% and an APR of 3.844%, while the shorter 15 year term continues to perform very strongly at 2.875% and APR of 3.261%.
For home refinance customers looking to take their chances on an adjustable rate loan from Bank of America, the standard 7/1 ARM is being advertised this morning with an opening rate of 2.750% and an APR of 3.153% variable, while the 5/1 ARM continues its rally of value to come out today at 2.500% to start and APR of 3.118% variable.