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Bank of America Mortgage Rates 7/28/10

Mortgage rates from Bank of America  and other from banks are low right now. Mortgage rates hit news lows every single day it seems. Right now you can get 30 year conforming mortgage rates for as low as 4.25 percent. Can you believe that mortgage rate? Back in the 1980’s 30 year mortgage rates hit a high of 17.25 percent according to Freddie Mac.

Several banks, mortgage companies and other lenders are advertising very low mortgage rates. We found a bunch of good mortgage rates right online. Right now Bank of America has some of the best current mortgage rates available. You can get mortgage rate quotes at Bank of America for any state in the United States including GA or AK.

Bank of America is advertising conforming mortgage rates, super conforming mortgage rates and jumbo mortgage rates. You can also get interest only mortgage loans at the bank. All types of mortgage rates are available in fixed rate loans and adjustable loans. 

If you’re a first time home buyer you can also qualify for an FHA mortgage loan. With an FHA loan first time home buyers can put as little as 3 percent down, FHA mortgage loans are insured by the U.S. government according to MonitorBankRates.com. Bank of America offers FHA mortgage rates.

You can receive a home loan mortgage quote from Bank of America for buying a home or refinancing your current mortgage. Your current mortgage doesn’t have to be with Bank of America to refinance a mortgage at Bank of America. Mortgage refinance rates are also very low these days.

Applying for a mortgage at Bank of America is easy. The bank offers a easy to understand Bank of America commitment letter. The “Clarity Commitment” letter outlines your mortgage terms in a easy to understand format. So check to see how low Bank of America’s mortgage rates are in your state.