Bank of America Mortgage Rates

If you're looking for a mortgage, then we here at Bank Rate Info thought that you'd be interested in seeing what Bank of America home loans have to offer you. Bank of America mortgage rates vary by location, home, and credit rating of course, but Bank of America has several options to get you into your new home.

Besides the standard 30-year fixed mortgage, mortgage rates at Bank of America can also be found for a 40-year fixed, 15-year fixed, and three adjustable rate mortgages (ARM) as well. There are Bank of America home loans for just about everybody looking, depending on your needs.

Compared to 30-year fixed rate Bank of America mortgage rates, the other loans have different options to fit your needs. The 40-year Bank of America interest rates are lower by at least a point, usually, but with a slightly higher interest paid (in total) because of the longer time period in payment. A 15-year fixed mortgage rates at Bank of America measures in with a much lower interest rate and total interest paid, but will have a higher monthly payment due to the short term.

The ARM loans all differ according to adjustment. For Bank of America interest rates on an ARM, you have to look at the first few years with either pure interest payment (only) resulting in very low monthly payments in the beginning or lower payments at a great rate for the first 3-5 years and with variable rates afterwards. ARM loans aren't for everyone, but they can be a good option for some.

Bank of America mortgage rates are definitely worth looking over, since this bank is one of Americas largest. Have a look at what Bank of America home loans can do for you.