Most of the key mortgage rates being offered at Bank of America (NYSE:BAC) today are largely identical to those advertised Monday, as the lender continues a run of rock-solid value covering both home purchase and refinance arms. As of today, the BoA may still be lagging somewhat behind market-leaders Wells Fargo (NYSE:WFC) in terms of the lowest rates to be found anywhere in the US, but the overall picture is one of superb buying and refinancing opportunities for those yet to make their move.
Starting off with home purchase mortgage rates and today sees Bank of America offering the standard 30 year fixed rate home loan for 3.375% and APR of 3.541%, while the shorter 15 year variant can be taken out and locked in for as little as 2.875% and APR of 3.157%.
For home purchase borrowers looking to invest by way of an adjustable rate home purchase loan, the Bank of America 7/1 ARM is being offered for a low 2.750% to begin and an APR of 3.127% variable, while the 5/1 ARM can be taken out and locked in for as little as 2.500% to start and with an APR of 3.073% variable.
Moving on to home refinance mortgage rates now and Bank of America is today listing the standard 30 year fixed rate loan at 3.625% and 2.841%, while those looking to clear their balances in 15 years will be able to do so for a daily low rate of 2.875% and an APR of 3.244%.
In the case of adjustable rate home refinance mortgage rates of particularly worthy mention today, the standard 7/1 ARM from Bank of America remains strong at 2.750% to begin and APR of 3.144% variable, while the 5/1 ARM remains unchanged at the same 2.500% to start and APR amounting to a low 3.100% variable.