Bank of America Mortgage Rates

Bank of America Mortgage Rates is considered to be some of the best rates available in the US mortgage market. Bank of America is one of the largest providers of mortgage loans to low and moderate income families in the country. The mortgage rates offered by the bank are very competitive and most of the home buyers are able to afford them. Bofa mortgage rates are usually estimated for the overall home loan amount and the rate differs with different loan terms. Getting a low rate mortgage from the bank will surely allow a borrower to finance a home without facing any difficulty.

Bank of America Mortgage Rates Refinance

Other than offering a range of low rate mortgages to first time home buyers, Bank of America also has competitive rate refinance mortgage for those homeowners who are facing financial hassles in making their repayments. If you are thinking to lower your monthly mortgage payment, shift to a fixed rate of get cash out refinance loan, Bank of America has the refinance program that you need. A low rate refinance mortgage from Bank of America will replace the high interest mortgage that you are currently finding hard to pay. Refinance loan usually have lower interest rates and they offers some extra cash that you can use to make a purchase, renovate your home or pay some bills.

Bank of America Mortgage Rates Today

Bofa is offering some of best available mortgage rates in the market today. According to a reliable source, the current rates offer by Bank of America for a conventional loan of 30 year fixed rate mortgage with 1.25 discount points is just 5.25 Percent. The current mortgage rates for most of the mortgage programs offered by the bank have been within the range of 5.00% to 5.50%. On the other hand, current Bank of America mortgage rates on 15 year mortgage terms are quoted as 4.375 with 1.125 points which is lower the average rate of 4.63%. Bank of America's 5-year adjustable rate mortgage is currently at 4.00 percent with 1.125 discount points which is lower than the national average mortgage interest rate for a 5-year variable rate loan.

Bank of America Mortgage Rate Calculator

For time buyers, getting some idea about the mortgage program and the repayment terms is very essential if they want to avoid late payments and defaults. With the help of a mortgage rate calculator, you can make an estimate of the monthly mortgage payments that you will have to pay on a specific mortgage term that you have borrowed from the bank. On the other hand, Bank of America offers rate tracker where you can fill the form provided by the bank on their website to get assistance regarding current interest rate and mortgage APR rates.

Bank of America offers a variety of mortgage programs including refinance loans.

Website: https://www7.bankofamerica.com/home-loans/refinance.go