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Home » Business » Refinance Mortgage Rates Lower Today – Compare Chase and Bank of America To Average

Refinance Mortgage Rates Lower Today – Compare Chase and Bank of America To Average

By Tina Brown on July 18, 2010
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Digital News Report

Digital News Report – Refinance mortgage rates dropped seven basis points Friday compared to Thursday. The average 30-year fixed rate was 4.6128 percent, down from 4.7253 percent last Friday.

Bank of America had a refinance rate of 5.032 percent today. The average for the week was 5.069 percent. Bank of America charges less for refinancing a loan the for a new-purchase loan. Bank of America is charging 4.902 percent for their new-purchase loans.

The average 15-year fixed mortgage refinance rate is 4.0380 percent. This was down 10-basis points from Thursday. Chase bank had a refinance rate of 4.342 percent.

The average 5/1 adjustable refinance rate was 3.471 percent. Bank of America had a refinance rate of 3.558 percent and Chase had a rate of 3.523 percent.

By: Tina Brown

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  4. Refinance Interest Rates Higher Today – Compare Chase Bank of America and Citibank
  5. Refinance Mortgage Rates Lower Again This Week

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