As predicted by dozens of industry analysts over the course of the weekend, mortgage rates at Bank of America (NYSE:BAC) have upticked slightly the Monday morning, which has in turned increased Wells Fargo’s (NYSE:WFC) lead over the market as a whole. Nevertheless, the value for money on offer is still super across the board and refinance deals are looking particularly strong, meaning that for those yet to make their ideally suited investment, the opportunity remains well and truly open.
Home purchase mortgage rates first and today sees Bank of America offering the standard 30 year fixed rate loan from as little as 3.500% and with an APR of 3.637%, while the 15 year variant can be taken out and locked in for just 2.875% and APR of 3.215%.
By way of adjustable rate home purchase packages of worthy mention this morning, the standard 7/1 ARM from Bank of America is being advertised with an interest rate of 2.875% to begin and an APR of 3.215% variable, while the alternative of the 5/1 ARM can be taken home starting from 2.625% and carrying an APR amounting to 3.127% variable
Turning attention to the very best home refinance mortgage rates of the day from Bank of America and the level of value for money on offer is still something to celebrate. As of this morning, the 30 year fixed rate refinance loan is being offered for 3.750% and APR of 3.973%, while those opting for the shorter 15 year version will be able to pay off their balances for 3.000% and APR of 3.335%.
For refinance customers looking to take a chance on an adjustable rate refinance package today, the standard 7/1 ARM from Bank of America is on the cards for a low 2.875% to begin and an APR of 3.183% variable, while the 5/1 ARM represents excellent value for money once again at 2.750% and APR of 3.168%.