For a big bank, I’m a fan of Bank of America. My next bank will be a Credit Union for sure, but for now, Bank of America is it. And their Mortgage Rates, like others, have been dropping like dimes this year.
Bank of America acquired Countrywide, the former King of the mortgage market. Their combined power has made bank of america a monster in the mortgage rate market. That being said, lets take a look at their current mortgage rates.
Current Bank of America Mortgage Rates
30 Year Fixed Interest Rate:
15 Year Fixed Interest Rate:
5/1 ARM Interest Rate:
I tried to apply at bank of america for a mortgage, and was referred to a former Countrywide loan officer. I think they are still working on integrating the Countrywide purchase into their mortgage process. Your mortgage rate of course depends on your current income, location, and most importantly, credit score.
Bank Mortgage Rates
Bank of America Mortgage Review
What was your experience with Bank of America or Countrywide Mortgage? Good? Bad? I’m looking for experiences in the past year (2009).