Bank of America Mortgage Rates: 5 Year ARM 3.375%

Bank of America is advertising some of the lowest mortgage rates currently available. You can receive Bank of America mortgage rate quotes for conforming mortgages, jumbo mortgages, adjustable rate mortgages, interest only mortgages and government mortgages including FHA mortgages and VA mortgages.

The mortgage rates quotes we received from Bank of America in our review are for a $400,000 home mortgage loan in the state of California for a single family home (owner-occupied). Other mortgage loan assumptions for these mortgage rates quotes include a 70 loan-to-value (LTV) and a first lien position on Bank of America's loan. Bank of America's loan quote also has a 60 day lock period.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.596
4.500
USD
First Internet Bank Logo
NMLS # 424182
(877) 321-6303
at 0.100 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $3,034
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Home Loans Today
Home Loans Today
https://www.brimg.net/system/img/inst/9159_logo.gif
300000
Refinance
4.463
4.375
USD
Home Loans Today Logo
NMLS # 152859
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,796
 
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.668
4.625
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,200
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.948
4.875
USD
Ally Bank Logo
NMLS # 181005
(877) 738-5335
at 0.100 pts
45 day lock rate
Est payment: $1,587.62
Fees in APR: $2,199
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.477
4.375
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 441-8944
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $3,270
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Northpointe Bank
Northpointe Bank
https://www.brimg.net/system/img/inst/10077_logo.gif
300000
Refinance
4.482
4.375
USD
Northpointe Bank Logo
NMLS # 447490
(877) 526-5061
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $3,469
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.572
4.460
USD
Sol Mortgage Logo
NMLS # 53112
(877) 720-6071
at 0.100 pts
30 day lock rate
Est payment: $1,512.93
Fees in APR: $3,600
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
4.501
4.375
USD
Agora Lending Logo
NMLS # 1121650
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $4,099
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.689
4.625
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 872-6895
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,935
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.566
4.490
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.100 pts
30 day lock rate
Est payment: $1,518.27
Fees in APR: $2,348
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from CF Bank
CF Bank
https://www.brimg.net/system/img/inst/10390_logo.gif
300000
Refinance
4.558
4.500
USD
CF Bank Logo
NMLS # 409132
(877) 466-9076
at 0.100 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $1,730
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
4.605
4.500
USD
CIT Bank Logo
NMLS # 541760
(877) 266-2069
at 0.100 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $3,352
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.688
4.490
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(877) 591-8350
at 1.000 pts
30 day lock rate
Est payment: $1,518.27
Fees in APR: $3,861
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.785
4.625
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 1.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,526
 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.950
4.875
USD
Flagstar Bank Logo
NMLS # 417490
(877) 845-0652
at 0.100 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $2,257
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.582
4.500
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
(877) 899-4115
at 0.100 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $2,555
 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.473
4.375
USD
Optimum First Mortgage Inc. Logo
NMLS # 240415
(877) 318-5242
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $3,144
 
 
30 yr fixed Mortgage Loan from McGlone Mortgage Group
McGlone Mortgage Group
https://www.brimg.net/system/img/inst/2125_logo.gif
300000
Refinance
4.680
4.625
USD
McGlone Mortgage Group Logo
NMLS # 3232
State Lic # MC-1532
(877) 475-4039
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $1,895
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.763
4.750
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 872-6895
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $462
 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.625
4.625
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 441-8944
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.750
4.750
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
5.142
5.125
USD
Flagstar Bank Logo
NMLS # 417490
(877) 845-0652
at 0.000 pts
30 day lock rate
Est payment: $1,633.46
Fees in APR: $569
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from CF Bank
CF Bank
https://www.brimg.net/system/img/inst/10390_logo.gif
300000
Refinance
4.632
4.625
USD
CF Bank Logo
NMLS # 409132
(877) 466-9076
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $236
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.654
4.625
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(877) 591-8350
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $995
 
30 yr fixed Mortgage Loan from First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.753
4.750
USD
First Internet Bank Logo
NMLS # 424182
(877) 321-6303
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $91
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.710
4.710
USD
Sol Mortgage Logo
NMLS # 53112
(877) 720-6071
at 0.000 pts
30 day lock rate
Est payment: $1,557.72
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.750
4.750
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
(877) 899-4115
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Republic Bank
Republic Bank
https://www.brimg.net/system/img/inst/2248_logo.gif
300000
Refinance
4.750
4.750
USD
Republic Bank Logo
NMLS # 402606
(877) 873-1051
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.875
4.875
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
4.643
4.625
USD
Agora Lending Logo
NMLS # 1121650
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $613
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
5.125
5.125
USD
Ally Bank Logo
NMLS # 181005
(877) 738-5335
at 0.000 pts
45 day lock rate
Est payment: $1,633.46
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from LoanLock
LoanLock
https://www.brimg.net/system/img/inst/9948_logo.gif
300000
Refinance
4.625
4.625
USD
LoanLock Logo
NMLS # 237507
(877) 497-6252
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from JG Wentworth Home Lending
JG Wentworth Home Lending
https://www.brimg.net/system/img/inst/10054_logo.gif
300000
Refinance
4.750
4.750
USD
JG Wentworth Home Lending Logo
NMLS # 2925
State Lic # MC-1875
(877) 210-3816
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.640
4.615
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.000 pts
30 day lock rate
Est payment: $1,540.62
Fees in APR: $884
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Northpointe Bank
Northpointe Bank
https://www.brimg.net/system/img/inst/10077_logo.gif
300000
Refinance
4.625
4.625
USD
Northpointe Bank Logo
NMLS # 447490
(877) 526-5061
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Aurora Financial
Aurora Financial
https://www.brimg.net/system/img/inst/4284_logo.gif
300000
Refinance
4.556
4.500
USD
Aurora Financial Logo
NMLS # 35959
State Lic # MC-2967
(877) 385-9793
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $1,962
 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.535
4.500
USD
Optimum First Mortgage Inc. Logo
NMLS # 240415
(877) 318-5242
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $1,212
 
 
30 yr fixed Mortgage Loan from Home Loans Today
Home Loans Today
https://www.brimg.net/system/img/inst/9159_logo.gif
300000
Refinance
4.625
4.625
USD
Home Loans Today Logo
NMLS # 152859
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Home Loans Today
Home Loans Today
https://www.brimg.net/system/img/inst/9159_logo.gif
300000
Refinance
4.388
4.250
USD
Home Loans Today Logo
NMLS # 152859
at 1.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,560
 
 
30 yr fixed Mortgage Loan from CF Bank
CF Bank
https://www.brimg.net/system/img/inst/10390_logo.gif
300000
Refinance
4.412
4.250
USD
CF Bank Logo
NMLS # 409132
(877) 466-9076
at 1.100 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $2,399
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.796
4.625
USD
Flagstar Bank Logo
NMLS # 417490
(877) 845-0652
at 1.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,587
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
9.509
9.125
USD
Agora Lending Logo
NMLS # 1121650
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $6,649
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.415
4.250
USD
Optimum First Mortgage Inc. Logo
NMLS # 240415
(877) 318-5242
at 1.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,507
 
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.536
4.375
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 1.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,325
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
9.495
9.125
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 441-8944
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $6,295
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
4.507
4.325
USD
CIT Bank Logo
NMLS # 541760
(877) 266-2069
at 1.100 pts
45 day lock rate
Est payment: $1,489.02
Fees in APR: $3,070
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.521
4.375
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
(877) 899-4115
at 1.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,805
 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
9.562
9.125
USD
Sol Mortgage Logo
NMLS # 53112
(877) 720-6071
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $7,975
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.429
4.240
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 1.100 pts
30 day lock rate
Est payment: $1,474.06
Fees in APR: $3,344
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
5.048
4.990
USD
Bank of Oak Ridge
5.048%
11/15/2018
4.990%
at 0.377 pts
60 day lock rate
Est payment: $1,608.63
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.858
4.750
USD
Bank of America
4.858%
11/14/2018
4.750%
at 0.811 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
5.075
5.000
USD
Citizens Bank, NA
5.075%
11/16/2018
5.000%
at 0.375 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $1,408
 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
5.069
5.000
USD
Northwest Federal Credit Union
5.069%
11/14/2018
5.000%
at 0.750 pts
45 day lock rate
Est payment: $1,610.46
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.789
4.750
USD
TD Bank, NA
4.789%
11/16/2018
4.750%
at 0.125 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from Armed Forces Bank, N.A.
Armed Forces Bank, N.A.
300000
Refinance
5.029
5.000
USD
Armed Forces Bank, N.A.
5.029%
11/14/2018
5.000%
at 0.000 pts
30 day lock rate
Est payment: $1,610.46
Fees in APR: $999
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.973
4.875
USD
Apple Federal Credit Union
4.973%
11/21/2018
4.875%
at 1.000 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
5.184
5.125
USD
Santander Bank, N.A.
5.184%
11/21/2018
5.125%
at 0.000 pts
60 day lock rate
Est payment: $1,633.46
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.907
4.875
USD
LincolnWay Community Bank
4.907%
11/20/2018
4.875%
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.956
4.875
USD
Virginia Credit Union
4.956%
11/20/2018
4.875%
at 0.375 pts
45 day lock rate
Est payment: $1,587.62
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
5.085
5.000
USD
Fulton Bank, NA
5.085%
11/20/2018
5.000%
at 0.625 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.683
4.625
USD
State Department Federal Credit Union
4.683%
11/19/2018
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $2,000
 
 

Mortage Data Provided by Bankrate.com Many lenders have different rates on their own Websites than those posted on Bankrate.com. In order to get the Bankrate.com rate, please identify yourself as a Bankrate.com customer. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here.

The rates above were collected by Bankrate.com on the dates specified. Rates are subject to change without notice and may vary from branch to branch. Rate/APR and terms may vary based on the creditworthiness of the individual and the extent to which the loan differs from the one used for Bankrate.com quotes. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and brokers, some of whom have paid for a link to their own Web site, where you can find additional information.





Bank of America Mortgage Rates


The 30 year mortgage rate we received from Bank of America was 4.75 percent with 1.00 mortgage discount point. Bank of America's 30 year mortgage rate is competitive with the current national average 30 year mortgage rate of 4.61 percent.

We were also quoted a 30 year interest-only mortgage rate at 5.375 percent with 1.50 mortgage points. Interest-only mortgage rates were very popular during the housing bubble but since the housing bust have become a lot less common.

15 year mortgage rates were quoted at 4.125 percent with 1.00 mortgage discount point. The current national average 15 year mortgage rate is at 4.03 percent as of this morning.

A less common type of mortgage product but becoming more popular are 20 year mortgages. Bank of America's 20 year mortgage rate quoted to us was at 4.375 percent with 1.125 mortgage points.

Bank of America Adjustable Mortgage Rates


Adjustable mortgage rates quoted to us from Bank of Americainclude 5 year ARMs, 7 year ARMs, 10 year ARMS and 5 year interest-only ARMs. The current 5 year adjustable rate was 3.375 percent with 0.375 points. 

7 year adjustable mortgage rates were quoted at 3.625 percent with 1.125 percent.

10 year adjustable mortgage rates were quoted at 4.00 percent with 1.00 mortgage point.

5 year interest-only adjustable mortgage rates were quoted at 3.375 percent with 1.125 mortgage points.

Bank of America Government Mortgage Rates


Bank of America government mortgage rate quotes included a 30 year fixed FHA/VA mortgage rate of 4.625 percent with 1.375 mortgage points and a 15 year FHA/VA mortgage rate of 4.25 percent with 0.375 mortgage points.

You can compare Bank of America's mortgage rates with the current national average mortgage rates by using our most recent mortgage rate review below:

Mortgage Rates


30 year mortgage rates today are averaging 4.71 percent, down from last week’s average 30 year mortgage rate of 4.76 percent. 30 year refinance mortgage rates are also down averaging 4.71 percent.

Current 15 year mortgage rates are averaging 4.04 percent this week, a decline from last week’s average 15 year mortgage interest rate of 4.2o percent. Today’s 15 year mortgage refinance rates currently are also down slighlty averaging 4.04 percent this week.

Jumbo Mortgage Rates


Today’s 30 year jumbo mortgage rates are averaging 5.30 percent, up from last week’s average 30 year year jumbo mortgage rate of 5.25 percent. 30 year jumbo mortgage refinance rates are up to 5.30 percent.

15 year jumbo mortgage rates are averaging 4.81 percent, down slightly from last week’s average jumbo mortgage rate of 4.72 percent. Current 15 year jumbo refinance mortgage rates today are also down slightly averaging 4.81 percent.

Conforming Adjustable Mortgage Rates


1 year adjustable mortgage rates are averaging 3.21 percent, down considerably from last week’s average 1 year adjustable interest mortgage rate of 3.54. Current 1 year conforming adjustable refinance mortgage interest rates are also averaging 3.54 percent.

Current 3 year adjustable conventional mortgage rates are averaging 3.97 percent this week, down from the prior week’s average 3 year adjustable rate mortgage of 4.09 percent. 3 year mortgage refinance rates today are also under 4.00 percent averaging 3.97 percent.

5 year adjustable home loan mortgage rates are averaging 3.55 percent, down slighlty from the prior week’s average home loan rate of 3.57 percent. 5 year refinance home mortgage rates today are averaging 3.55 percent.

Current 7 year conventional adjustable mortgage rates are averaging 3.96 percent this week, up from last week’s average 7 year home mortgage rate of 3.90 percent. Current 7 year mortgage refinance rates today are also higher averaging 3.96 percent.

10 year adjustable mortgage rates are averaging 4.27 percent this week, up from the previous week’s average 10 year adjustable mortgage rate of 4.25 percent. Today’s 10 year home mortgage refinance rates are also higher averaging 4.27 percent.

Jumbo Adjustable Mortgage Rates


1 year jumbo adjustable mortgage loan rates today are averaging 5.35 percent, down 60 basis points from last week’s average 1 year jumbo adjustable mortgage rate of 5.95 percent. Current 1 year jumbo refinance mortgage rates today are also down to 5.35 percent.

3 year jumbo adjustable mortgage rates are averaging 4.26 percent, down from the previous week’s average jumbo interest mortgage rate of 4.55 percent. Current 3 year jumbo refinance mortgage rates are also lower, averaging 4.26 percent.

Current 5 year jumbo adjustable home mortgage rates are averaging 3.96 percent this week, down from last week’s average mortgage rate of 4.07 percent. 5 year jumbo mortgage refinance rates are also down to 3.96 percent this week.

7 year jumbo adjustable mortgage rates current are averaging 4.61 percent, down from last week’s average 7 year home mortgage rate of 4.62 percent. 7 year jumbo refinance mortgage rates today are also down to 4.61 percent.

10 year jumbo mortgage rates are averaging 5.10 percent, down from the previous week’s average 10 year jumbo home mortgage rates of 5.21 percent. Today’s 10 year jumbo home loan refinance rates are also down averaging 5.10 percent.

Interest Only Adjustable Mortgage Rates Conforming


Today’s 3 year interest only adjustable mortgage rates are averaging 4.16 percent, down from last week’s average interest only mortgage loan rate of 4.22 percent. 3 year interest only adjustable refinance mortgage rates are also lower averaging 4.16 percent.

5 year interest only adjustable mortgage rates are averaging 3.81 percent, up from last week’s average five year interest only mortgage loan rate of 3.73 percent. 5 year interest only adjustable refinance mortgage rates are also averaging 3.81 percent this week.

7 year interest only home adjustable mortgage rates currently are averaging 4.12 percent, up from last week’s average 7 year IO mortgage rate of 4.06 percent. Today’s 7 year adjustable refinance rate mortgages are higher averaging 4.12 percent.

Interest Only Adjustable Mortgage Rates Jumbo


Current 3 year jumbo interest only loan adjstuable mortgage rates are averaging 4.64 percent, down from last week’s average jumbo adjustable interest only mortgage rate of 4.94 percent. Today’s  jumbo IO adjustable refinance rates are also down averaging 4.64 percent.

5 year adjustable jumbo interest only home loan rates are at 4.30 percent, down from an average IO home mortgage rate of 4.52 percent the previous week. 5 year jumbo adjustable IO loan rates are also averaging 4.30 percent.

7 year jumbo IO adjustable mortgage rates today are averaging 4.95 percent, down from an average jumbo 7 year home mortgage rate of 4.96 percent last week. 7 year jumbo adjustable interest-only mortgage rates are also down averaging 4.95 percent.

Home Equity Loan Rates


10 year home equity loan rates are averaging 7.115 percent, unchanged from last week’s average home equity loan rate.

Today’s 15 year home equity rates are averaging 7.433 percent this week, no change from last week’s average home equity loan rate.

Home Equity Line of Credit Rates


Current average home equity line of credit rates (HELOC) are at 4.762 percent this week, down from last week’s average HELOC rate of 4.777 percent.
 
 
Author: Brian McKay
August 6th, 2010
Posted in: Bank Mortgage Rates