In March, when we last looked at Bank of America home loans, there were some good rates available for those who qualify.  To keep you updated, we here at Peak Personal Finance looked at them again to see how they’ve changed.

We again looked at both purchase loans as well as refinance loans.  For purchases, we are still focusing on Bank of American mortgage rates for fixed rate mortgage of 15, 30, and 40 year loans.  Qualifying credit and purchase requirements are assumed.

• Bank of America mortgage rates for a 15-year fixed loan has not changed from when we looked last. It’s now at 4.50% or 4.773% APR.  That’s on a 1.0 point payment.
• Bank of America home loans for a 30-year standard fixed loan is also the same, still showing a 4.875% or 5.90% APR with 1.125 points.
• Mortgage rates at Bank of America for a 40-year fixed loan is much lower now, down to 5.25% or a 5.405% APR with only 1.25 points given.

Any of these fixed rate mortgages is likely a good option to consider for your Bank of America mortgage rates shopping.

If you’re looking to refinance, there are some good Bank of America refinancing loans available as well.  Standard assumptions apply, as above, and equity for the loan amount is also assumed.

• The 15 year refinance rate for Bank of America home refinancing loans are 4.75% or 5.064% APR at 1.25 points.
• The 30-year fixed Bank of America home refinance loans rates are 5.125% or 5.286% APR with 1 point given.
• 40-year Bank of America home refinance loans are generally no longer available.

Whatever your needs, you can likely find a solution in Bank of America home loans.  These are at least worth considering, especially in today’s market.