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Monday, November 30, 2009

BofA: Bank of America Mortgage Rates

Bank of America: Home Mortgage Lending Rates at BofA.

Interest rates are very low. If you have good credit, then now is an excellent time to lock in a long-term loan at favorable rates. If interest rates soar, then you are hedged for inflation since you can replay the loan with depreciated dollars.

Conforming Loans
(For Loans under $417,000)
-- Loan Type --            Points  %APR
30-Year Fixed Rate 1.125 4.893
15-Year Fixed Rate 0.750 4.439
3-Year ARM 1.000 3.569
5-Year ARM 0.875 3.583
30-Yr Fixed interest only 1.250 5.517
5-Year ARM, interest only 0.875 3.663
Rates as of Nov 30 2009 06:50 AM

Jumbo Loans
(For loans over $417,000)
 -- Loan Type --           Points  %APR
3-Year ARM 0.875 3.929
30-Yr Fixed, interest only 2.125 7.364
5-Year ARM, interest only 1.000 4.089
30-Year Fixed Rate 0.875 4.990
15-Year Fixed Rate 1.250 4.504
5-Year ARM 1.000 3.678
Rates as of Nov 30 2009 06:50 AM

For current rates and to view in table form, see

Kirk Lindstrom's Investment Letter Performance

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