Bank of America Mortgage Rates

Bank of America is offering some of the best mortgage rates available these days. We were quoted several different mortgage rates for a single family home in Sandy Springs Georgia, a suburb of Atlanta. The quote was for a home with a value of $400,000 with a 20 percent down payment. Bank of America mortgage rates are very competitive.

Find mortgage rates in your area by using our mortgage rate tables here. Mortgage Rate Tables Here. Bank of America Mortgage Rates can be found at bankofamerica.com.

The rate for a conventional 30-year fixed rate mortgage with 1.25 discount points is 5.25 percent. Points or discount points allows one to “pay down the rate”, in this mortgage quote, 1.25 discount points is equal to $1,250 for every $100,000 borrowed, or $4,000 for this quote.

The mortgage rates Bank of America quoted us wasn’t much higher than the national average for today’s mortgage rate which is currently at 5.22 percent. Current mortgage rates have been in a range of 5.00 percent to 5.50 percent, going up one week and down the next.

The Bank of America mortgage rates 15 year mortgages are also very competitive. The bank quoted us a 15-year mortgage rate of 4.375 percent with 1.125 points. Which is lower than the average rate, 15-year mortgage rates currently are at 4.63 percent.

Bank of America’s 5-year adjustable mortgage rate is currently at 4.00 percent with 1.125 discount points. The national average mortgage interest rate for a 5-year adjustable rate mortgage is 4.35 percent as of today.

Compare mortgage rates from several banks at MonitorBankRates.com by using our mortgage rate search engine.

Find a List Current Mortgage Rates in Your Zip Code

To get a Bank of America mortgage rate quote directly from Bank of America go to Bank of America Mortgages.