Today’s home purchase and refinance mortgage rates at Bank of America (NYSE:BAC) have for the most part held on the value of yesterday, with few significant changes to report on. As such, the rally of stunning value for money looks to continue for some time to come, with would-be refinancers once again being urged to consider making an investment and counting the savings for the years, perhaps decades to come.
Home purchase mortgage rates first and today sees Bank of America offering the standard 30 year fixed rate loan from as little as 3.250% and APR of 3.448%, while the shorter 15 year version of the same loan can be locked in for 2.875% and APR of 3.161%.
By way of home purchase packages with adjustable mortgage rates, the 7/1 ARM from Bank of America is on the cards for 2.750% to start and APR of 3.119% variable, while the 5/1 ARM remains a competitive option at 2.625% to begin and APR of 3.108% variable.
Moving on to home refinance mortgage rates now from Bank of America and the benchmark 30 year fixed rate loan is today being offered for 3.625% and APR of 3.823%, while those opting for the 15 year version will be looking at an interest rate of 2.875% and an APR closer to 3.212%.
In the case of adjustable rate home refinance deals from Bank of America, this Tuesday sees the 7/1 ARM coming out with an opening interest rate of 3.000% and an APR of 3.252% variable, while the alternative of the 5/1 ARM is being advertised for 2.750% as an opening rate and APR of 3.189% variable.
Please see lender websites for full details of available packages, along with borrowing terms and conditions.