Bank of America refinance mortgage rates are under 5%. ?Home loans have moved much lower to the very low level of 4.8%. ?On May 6th, 2010 we are seeing mortgage interest rates as low as 4.75%. ?It will come as no surprise to see refinance mortgage rates drop to 2010 lows under 4.7%.


The 10 year treasury rate yield has dropped below its 200 day moving average and this could be a sign that mortgage interest rates are set to drop even more. ?Before making that assumption it is very important to understand that the 10 year yield is at a strong support level; with this being the case Bank of America home loans might be close to the lows of the year.

Bank of America and almost all mortgage lenders have enjoyed the current low home loan rates under 5%. ?By offering low refinance mortgage rates Bank of America has had the opportunity to add new customers each and every day. ?With that these new customers have had the opportunity to pay a lower monthly mortgage payment.

Bank of America refinance mortgage rates remain attractive to most borrowers and there is a chance that many customers will likely search for Bank of America home loans to lock in to low rates. ?Before making this final personal finance decision it is important to understand that there are other mortgage lenders available as well.

Author: Jeremy North