Monday, August 16, 2010

Interest Rates Down, Ideal For Home Loans

Just off the Monday phone call with my lender, rates way down!

Not much raises my eyebrows these days but this is incredibly cheap money. I wis
h my mortgage was this low......hmmm maybe that's a good idea! Apparently Bank of America is running a promotion this month on home loans and they are waiving up to two points on home loans to get the pricing down. I'm staring at FHA loans down at 4.25% with zero points being paid. I don't normally get too excited about mortgage rates but this is just downright cheap! Thought I'd pass it along and somebody can benefit from this info.

My lender offering this promotion can be found in the link above or below in the left column entitled Dan's Home Loan and Mortgage Blog.