Interest Drops Below 5% for 30 Year Mortgage

Interest rates have dropped to 4.875% with 1 Point on 30 year fixed! (4.993% APR)* Jumbos have dropped to 6.250% with 1 point in the last week! (6.377% APR)* If you are thinking of buying or refinancing right now, I would suggest getting pre qualified now. These rates are approaching Pre World War II rates. No one know how this will last so it would be smart to the application process now. For more information and latest rates, call Bank of America Mortgage: Holly Hardy at 843-469-6151 or email: holly.hardy@bankofamerica.com Ashley Gallman at 843-297-0127 or email: Ashley.Gallman@bankofamerica.com