As the mid-stages of the week again roll our way, Bank of America (NYSE:BAC) is continuing to offer a catalogue or mortgage rates and products for home purchase that seem almost unstoppable in their strength. With record low territory having once again been in sight for most of the week so far, there is no telling exactly how many would-be borrowers have the potential to lock in a once in a lifetime deal this Thursday, assuming they choose to act before inevitable hikes take hold.
Back to today however, Bank of America is currently offering the standard 30 year fixed rate home purchase loan at a rate of 4.000% and APR of 4.199%, while the shorter 15 year home purchase loan on the other hand can be locked in for 3.500% and APR of 3.813%.
Adjustable rate loans for home purchase are also remaining around some of the lowest levels seen in years, with the likes of the 7/1 ARM now starting at 3.125% and APR of 3.373% variable, while the 5/1 ARM on the other hand has a starting rate of 2.875% and an APR amounting to 3.299% variable.
As can clearly be seen, the week as a whole is once again shaping up to be a veritable playground for those looking to snag a bargain, though exactly what the rest of the week has in store is very much open to debate once again.