Incredibly low national average mortgage rates have become the accepted norm for a considerable time now, with lenders the likes of Bank of America (NSE:BAC) providing consistently attractive offers the likes of which may prove to be the very best of 2012 as a whole. However, with stability appearing to be on the cards once again in the Eurozone, investor behavior may lead to some significant spikes in the near future.
For today however the home purchase loan value continues unabated, with the likes of the 30 year fixed rate loan up for grabs at 4.250% and with an APR of 4.441%, while shorter 15 year deals are being advertised for 3.625% and APR of 3.957%.
Borrowers looking to buy with adjustable rate loans will today find the 7/1 ARM being offered for 3.125% to begin and carrying APR of 3.440% variable, while 5/1 ARM deals are now opening at 3.125% and carry APR of 3.469% variable.
Moving now on to some of the very best refinance deals from Bank of America today, 30 year fixed rate packages are being advertised for 4.500% and APR of 4.691%, while 15 year loans can be locked in for as low as 3.750% and APR of 4.154%.
Adjustable rate refinance deals of particularly worthy mention today include the 7/1 ARM which begins at 3.125% and carries an APR of 3.458% variable, alongside the 5/1 ARM which opens at a low 3.125% and carries APR of 4.487% variable.