Bank of America became the biggest mortgage lender after the company purchased Countrywide Mortgage. Bank of America offers very competitive mortgage rates. The following Bank of America Mortgage Rates are for September 25, 2009, Friday. Bank of America 30 Year Fixed Mortgage is 5.00% APR with 1 Point. For 15 Year Fixed, the mortgage interest rate is 4.250% with 1 Point.
For those interested in Bank of America Adjustable Rates Mortgages, 5/1 ARM is 3.625% with 1.250 Point.
The mortgage rates assumes you have excellent credit score with a loan amount of $400,000.