Bank of America refinance mortgage rates have been very low for the entire year of 2010 but there is a good possibility that we could see home loan rates hit a yearly low in the very near future. The idea of home loan rates under 4.75% in early May of 2010 has become a reality.


The 10 year treasury rate yield has broken below its 50 day moving average and the next level of support is at the 200 day moving average. Each time the 10 year treasury rate yield has tested the 200 day moving average it has reversed and started to move higher.

With still more room to fall there’s a very strong possibility that we could see 30 year fixed mortgage rates under 4.75% very soon. At the present time we are seeing 30 year fixed mortgage rates around 4.8% which has been a drop from 5% over the last two weeks.

Bank of America and most mortgage lenders have benefited greatly from the low interest-rate environment. New customers are enjoying low interest rates because they can see their monthly mortgage payment drop and know that they will save money over the long run.

Author: Alan Lake