Bank of America refinance mortgage interest rates remain stable under 5% as the 10 year treasury rate yield continues to move sideways. ?Home loans have been stable around 4.9% for several days and this looks to continue through early May 2010. ?If the 10 year treasury rate yield finds support at its 200 day moving average then there is a very good chance that Bank of America home loans could move higher.


Since 1971 the 30 year fixed mortgage rate and the 10 year treasury rate yield have had a very strong correlation. ?That is likely to continue in 2010 as the Federal Reserve Bank has stopped purchasing mortgage backed securities. ?If the 10 year yield breaks its 50 day moving average and makes an assault on 4% then there is a very good possibility that we will see mortgage interest rates very close to 5.5%.

Bank of America and most mortgage lenders have had the opportunity to gain many new customers by offering low interest rates. ?Customers have greatly benefitted because they have the ability to pay much less on their mortgages each month with a much lower interest rate.

Author: Alan Lake