Bank of America Home Purchase Mortgage Rates Change Little Over Weekend

October 24, 2011 / Russell Legato, Residential Property Analyst

This Monday morning sees Bank of America (NYSE:BAC) offering a wide selection of options for new and used home purchase packages, most of which have seen only the most minor of fluctuations over the course of the weekend. As such, the stage is once avian set for another week of excellent value for all who decide to lock in deals while the opportunity remains.

Bank of America Home Purchase Mortgage Rates Change Little Over Weekend

In the case of the most popular deals being offered for purchases by Bank of America today, the 30 year fixed term package can be taken out for 4.125% and a resulting APR of 4.325%, while the shorter 15 year package can be locked in for 3.375% and a 3.724% APR.

Adjustable terms are also beginning the week again in strong style, with the 7/1 ARM now being offered for 3.125% and an APR figure of 3.295%, while the 5/1 ARM on the other hand is available starting at 2.875% and an APR amounting to 3.207%.

Another week of sluggish overall housing market performance was noted last week, therefore it remains to be seen whether or not the continuing low rates will in fact have any effect at all.

Articles other readers have found interesting...

Top News Stories:

Comments are closed.