Connect with us

Bank of America’s Standard and Refinancing Mortgage Rates Roundup for January 27, 2014


Bank of America’s Standard and Refinancing Mortgage Rates Roundup for January 27, 2014

Bank of America Standard and Refinancing Mortgage Rates Roundup for January 27 2014After experiencing their fair share of ups and downs last week, the benchmark 30 year fixed mortgage interest rates at Bank of America (NYSE: BAC) [stockdata ticker=”BAC”] headed south on January 27, 2014. Overall, mortgage rates remained steady at the Charlotte based mortgage lender, except the standard long term and the flexible refinancing rates, which registered a pleasing improvement today.

At the beginning of a new week, the standard, long term, 30 year mortgage home loan packages are coming out at a reduced interest rate of 4.375% today and are backed by an annual percentage rate of 4.508%. However, the relatively shorter, 15 year fixed rate mortgage home loan plans are still being traded at the same interest rate of 3.625 and are carrying an annual return rate of 3.800% today.

For borrowers looking forward to enjoying flexible interest rates, the bank offers its ideal adjustable rate mortgage packages at impressive interest and annual return rates. As of now, the best 5 year variable rate mortgage home loan deals are coming out at an interest cost of 3.250% and are backed by an APR yield of 3.090% to begin with.

When it comes to refinancing mortgage home loan options, the bank is currently offering its popular 30 year fixed rate mortgage deals at a lending rate of 4.500% and an annual return equivalent to 4.631% today. In the short term refinancing division, the customers can find the 15 year FRM home loans being advertised at an interest cost of 3.750% and being accompanied by an APR yield of 3.903% this Monday.

In the adjustable rate mortgage arena, the American mortgage lender offers its impressive refinancing options at reduced rates today. Interested borrowers can find the best 5 year refinancing adjustable rate mortgage home loans coming out at a lending price of 3.500% to start with and an APR yield of 3.187%.

With the aim of simplifying its digital options trading platform and the services, Bank of America Merrill Lynch has taken a step forward to consolidate all of its option offerings into four strategies, namely the clean sweep, smart spreads, fast sweep, and delta adjusted. Options traders are constantly in search of sophisticated trading strategies without facing any intricacies of front end dealing. These consolidated strategies have reduced the complexity by incorporating more flexibility and allowing customization for interested traders.

Disclaimer: The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower. This website does not engage in the sale or promotion of financial products and makes no claims as to the accuracy of the quotation of interest rates.

Continue Reading

Stephany Morgan covers business and finance related news.

Sign Up For Our Newsletter


To Top