Aug 11, 2009
Bank of America Refinance Mortgage Rates - Interest Rates at 5.5%
AUTHOR: Colin Keller
Bank of America refinance mortgage rates have slowed in the acceleration upward. For much of last week, we saw mortgage interest rates up, up and away. When the week was said and done mortgage rates were up over .4%. This is a huge move in a one week period. There was some expected slowing down this week, but what does the future bring. Well, the 10 year treasury rate yield continues its up trend which means that higher mortgage rates are likely on the way. This is not good news for those of you who were waiting to refinance under 5%.
Luckily there are mortgage lenders out there who are still advertising mortgage rates under 5%. Who really knows if you can still get a mortgage rate this low but one thing is for sure; you will never know if you don’t ask. Most of the ads lead you to an 800 number where you can speak to a representative. While you may not want to give all of your personal financial information to the representative, it might be worth it to at least give them a call and see what types of interest rates they are offering right now.
Congratulations on taking the first step in getting a lower mortgage rate. The next step is to get out there and actually contact some of the lenders that are offering low mortgage rates. You will never know what interest rate that you can get if you don’t call and ask!