Interest Rates Today 30 Year Fixed Bank Of America

Find information and rates for 15 20 and 30 year fixed rate mortgages from bank of america.

Interest rates today 30 year fixed bank of america. Estimated monthly payments shown include principal interest and if applicable any required mortgage insurance. Mortgage rates valid as of 01 oct 2020 09 06 am cdt and assume borrower has excellent credit including a credit score of 740 or higher. 30 year fixed 3 000. Bank of america offers two kinds of cd account types.

Featured cds offer a higher apy but require a higher balance. Estimated monthly payments shown include principal interest and if applicable any required mortgage insurance. Fixed term cds offer lower apys but have a. Featured cds and fixed term cds.

Also it is 3 375 lower than the highest rate updated may 2020. The benchmark 30 year fixed rate hit a record low of 3 52 percent during the week of july 6 2016 according to historical bankrate data. Bank of america arms use libor as the basis for arm. The rate of 3 375 is 0 1 higher than the average 3 28.

15 year fixed 2 750. 20 year fixed 3 000. Longer terms have slightly higher mortgage rates overall. The bank has a selection of multiple fixed rate mortgages variable rate mortgages jumbo mortgages and the affordable loan solution mortgage that offers low down payments.

Estimated monthly payments shown include principal interest and if applicable any required mortgage insurance. Arm interest rates and payments are subject to increase after the initial fixed rate period 5 years for a 5 1 arm 7 years for a 7 1 arm and 10. Refinance rates valid as of 01 oct 2020 09 06 am cdt and assume borrower has excellent credit including a credit score of 740 or higher. Current rates are hovering near three year lows amid.

Arm interest rates and payments are subject to increase after the initial fixed rate period 5 years for a 5 1 arm 7 years for a 7 1 arm and. With a fixed rate mortgage your monthly payment stays the same for the entire loan term. Arm interest rates and payments are subject to increase after the initial fixed rate period 5 years for a 5 1 arm 7 years for a 7 1 arm and 10. Prime rate or the london interbank offered rate libor.

Bank of america s interest rates aren t anything incredible but they re typically slightly better than or right in line with average mortgage rates across the u s.