Mortgage rates at Bank of America (NYSE:BAC) have increased today, taking the lender further down the ladder and seeing rivals including Wells Fargo (NYSE:WFC) and US Bank (NYSE:USB) take the lead.
Starting off with home purchase mortgage rates and today sees Bank of America offering the 30 year fixed rate loan from as little as 3.375% and APR of 3.500%, while those opting for the 15 year variant can expect to pay 2.750% in interest and 2.901% by way of APR.
For those looking to buy a new or used home with an adjustable mortgage from Bank of America, the standard 5/1 ARM is today coming out at an attractive 2.625% to begin and yielding an APR of 3.104% variable.
Moving on to the more notable home refinance mortgage rates of the day now and Bank of America is once again performing strongly with the 30 year fixed rate loan now coming out at 3.500% and APR of 3.636%, while the 15 year variant is on the books for a daily low of 2.750% and APR of 2.973%.
For refinance borrowers looking to take a chance on an adjustable rate mortgage package today, the standard 5/1 ARM from Bank of America now starts at a low 2.625% and carries an APR amounting to 3.094% variable.
For full details of additional rates and all applicable borrowing conditions, please see individual lender websites.