RateAPY

Bank of America Offers 30-Year Fixed-Rate Mortgage at 5.010% APR

Posted by: RateAPY Bank Rates News
June 1st, 2010

Whether you are looking for a mortgage loan to purchase a property or want to refinance your current loan to take advantage of today’s low rates, be sure to search online to compare mortgage rates and terms.

Check to be sure that the lender you want to work with is licensed to offer mortgages in your state.

Bank of America, licensed to operate in all fifty states and the District of Columbia, offers a variety of mortgage loans and terms.

Bank of America Mortgage Rates and Terms (as of 5/28/10)

Example: North Carolina homeowner refinancing a $150,000 mortgage

Loan Product/Interest Rate/Points/Fees/APR

30-year fixed/4.875%/1.75/$1,400/5.114% APR

15-year fixed/4.500%/0/$1,400/4.641% APR

3/1 ARM/3.750%/1.875/$1,400/3.984% APR

20-year fixed/5.125%/0/$1,400/5.238% APR

10-year fixed/4.500%/0/$1,400/4.702% APR

5/1 ARM/4.750%/0/$1,400/4.831% APR

7/1 ARM/4.000%/1.875/$1,400/4.238% APR

Mortgage rates and terms are offered based on each individual’s credit score and other financial circumstances. Comparing mortgage rates online can give you access to a variety of lender offers and help you find the best deal.