Above rates are provided to give you an idea of what rate activity has been in the last week. This will be a regular feature on Fridays. The following assumptions and fine print are included for protection:
- Rates pulled daily around 10:00 a.m. from Bank of America's website at http://www.bankofamerica.com/loansandhomes/index.cfm?template=findrate.Sales
- Price = $100,000
- Loan to Value = $80,000 (80%)
- State of Michigan
- Single family detached home
- Owner-occupied primary residence
- 30-year fixed-rate mortgage
- Rates above exclude points and mortgage insurance. Consult your mortgage representative for more information.
- These rates are not guaranteed until lock-in.
- Rates and terms are subject to change without notice. Interest rates assume credit history in good standing.
- All loan applications subject to credit and property approval. Flood and/or property hazard insurance may be required. Additional fees and closing costs may apply.
- Maximum loan limits and minimum equity/down payment requirements apply.
- Other restrictions may apply.
- Additional rates and programs are available.
- Assumes no other loans or liens.
- Assumes lock period based on current market conditions.
- Assumes taxes and insurance will be escrowed.
- Assumes applicant is a United States citizen.
- Fees are based on default county for each state. Fees are subject to change based on property county.
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