Bank of America Refinance Mortgage Rates – Home Loans Lower Into March
Bank of America refinance mortgage rates have been low the entire month of February and that looks to continue into March. At the present time Bank of America home loans are rate at 4.75% for the 30 year fixed mortgage rate. This is getting very close to the 2010 low.
If you have been thinking of refinancing your current mortgage now is one of the best times in recent history. Even though mortgage interest rates are not at an all time low they are still very low when looking at historical mortgage rates. Bank of America and most major mortgage lenders continue to market rates below 5%.
It is very important to understand that not everyone is going to qualify for mortgage rates under 5%. If you do not have a large amount of equity in your home or you have a bad credit score you are going to struggle to lock in to a mortgage interest rate under 5%.
To get low mortgage rates from Bank of America or any mortgage lender you will need a credit score above 740 and a significant amount of equity in your home. With these requirements you are likely to find that you will qualify for a mortgage rate slightly below 5%.
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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
- Bank of America Refinance Mortgage Rates – Home Loans at 4.95%
Tags: Home Loans, Mortgage, Mortgage Refinance