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Monday, September 19, 2011

Bank of America Refinance Mortgage Rates Sept 19 2011

Bank of America Refinance Mortgage Rates Sept 19 2011 ; Bank of America refinance mortgage rates have been a very hot topic over the last several years as Americans and states throughout the country look for opportunities to lower monthly home loan payments. At the present time we are seeing the 10 year treasury rate yield around 2.05% which means that 30 year fixed mortgage rates are likely under 4.5%.

While Bank of America is one of the largest financial institutions in the country it is very important to recognize that they are not the only option when it comes to locking in the lowest home loan interest rates. In fact, it may be wise to consider local or regional lenders as many of these financial institutions will go above and beyond to gain new customers.

On September 19, 2011 most Americans will find that there are well over 100 banks and financial institutions in most states. In fact, the FDIC currently insures over 7000 financial institutions nationwide switch it not be extremely difficult to find banks or lenders in a specific area or state.

As we get closer to the fall of 2011 is a very good chance that we could see 30 year fixed mortgage rates start to move higher. A 10 year treasury rate you’ll find the bottom around 2% and starts to trend higher above its moving averages then there is a chance that 30 year fixed mortgage rates will move up.

With this in mind it may be advisable to do research sooner rather than later. If Americans continue to wait and hope that interest rates drop then they may be missing out on some very good opportunities. Luckily, there are many free resources available online that should help individuals better recognize how much money can be saved. For the latest updates on the stock market, visit source www.subprimeblogger.com For the latest updates PRESS CTR + D or visit Stock Market news Today

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