Mortgage rates at Bank of America (NYSE:BAC) have once again gotten off to a strong start for the new week and while there may be no new record-lows to speak of on the imminent horizon, there are still some stunning home purchase and refinance opportunities on the cards for those yet to make an investment.
Home purchase mortgage rates first and Bank of America kicks things off today with the standard 30 year fixed rate home loan for 3.250% and APR of 3.426%, while the shorter 15 year variant can be taken out and locked in for as little as 2.875% and APR of 3.139%.
Those preferring to take their chance on adjustable rate home purchase packages will today be offered the 7/1 ARM from as little as 2.750% to begin and with an APR of 3.117% variable, while the 5/1 ARM is coming out with an opening rate of 2.625% and an APR of 3.106% variable.
Moving on to home refinance mortgage rates now and today sees Bank of America offering the benchmark 30 year fixed rate home loan for a solid 3.625% and APR of 3.800%, while those looking to clear their balances in 15 years will be able to do so for a rate of 2.875% and an APR of 3.189%.
If looking to refinance a home with an adjustable mortgage rate from Bank of America, the 7/1 remains an excellent choice today with an opening rate of 3.000% and an APR of 3.250% variable, while the 5/1 ARM can be taken home starting from 2.750% and carrying an APR of 3.187% variable.