Bank of America Refinance Mortgage Rates – Home Loans at 4.95%
Bank of America refinance mortgage rates continue to hold steady below 5%. Bank of America home loans are currently at 4.95% on the 30 year fixed mortgage rate. The week of February 22nd, 2010 is likely to be very interesting as the 10 year treasury rate yield continues its up trend and we could see mortgage rates push higher.
Bank of America and all mortgage lenders have marketed the current low interest rate environment very well. President Obama and his staff have worked very hard to keep interest rates low so both the American public can benefit and the banks can benefit by gaining new customers and offering low mortgage interest rates.
If you have been considering locking in to a low mortgage interest rate then you might want to take action soon. Many analysts have predicted that mortgage rates are likely to move higher starting in the spring of 2010. With warmer weather coming to much of the South spring is just around the corner.
Some of these analysts are predicting that mortgage rates could move up by at least one full percentage point. If we continue to see the 10 year treasury rate yield move higher then there is a very good chance that Bank of America refinance mortgage rates could break 5% in the very near future.
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- Government Mortgage Refinance Plan – Save Money on Low 15 Year Fixed Rates
- Bank Of America: Over 20,000 Mortgage Modifications Processed
Tags: Home Loans, Mortgage, Mortgage Rates