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See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Bank of America Home Loans is the mortgage unit of Bank of America. It previously existed as an independent company called Countrywide Financial from 1969 to 2008. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006, Countrywide financed 20% of all mortgages in the United States, at a value of about 3. ...
Rates on a 15-year mortgage stand at an average 6.27% for purchase and 6.32% for refinance, up 3 basis points from 6.24% for purchase and 9 basis points from 6.23% for refinance this time last week.
The current average rate for a 30-year fixed mortgage is 6.94% for purchase and 6.95% for refinance, unchanged from 6.94% for purchase and up 2 basis points from 6.93% for refinance last week.
Refinancing a mortgage is when you take out a new home loan to replace your current one. If you bought your home when interest rates were higher than now, refinancing could be a way to save on ...
To refinance a mortgage, you’ll pay between 2 and 5 percent of the loan amount in closing costs, so if you’re refinancing to save money, you’ll need to calculate your break-even point.
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