Blue Home Loans Helps Borrowers Lock In The Best California Refinance Rates

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California mortgage company, Blue Home Loans, Inc., helps borrowers to take advantage of current home loan rates which are still quite low despite last week’s increases.

Blue Loan Services is a full service mortgage company that has been providing the homeowners of California with the lowest wholesale mortgage interest rates and the best online loan processing services for many years. The company offers a number of different loan services and specializes in home purchase loans and refinances. Both Brandon Blue, the Senior Loan Officer of the company, and the rest of the Blue Loan Services team are completely dedicated to finding the best loan options for their clients and ensuring that the application process goes as quickly and as smoothly as possible.

These services are especially important now, as mortgage rates have dipped to their lowest levels of the year, but are slowly creeping back up. An October 31st report from Mortgage News Daily explains, “Mortgage rates drifted inconsequentially higher to end the month, remaining well-within the recent range, albeit closer to the higher end. The most prevalently-quoted conforming 30yr fixed rate remained 4.0%, with 4.125% not too far behind. On average, rates were just slightly better than Wednesday's, though a few lenders were at their highest levels in weeks. Today's big consideration for financial markets was surprise news that the Bank of Japan voted to increase its quantitative easing (QE) program to 80 trillion Yen per year (just over $720 billion). Relative to the size of Japan's economy, this is at least twice as aggressive as QE in the US, and consequently made for a big market impact. Because Japan's QE program includes stocks, that was the scene of the greatest volatility, but stock market gains often take a bit of a toll on bond markets, resulting in higher rates.”

That same article goes on to say, “All things considered, bonds--especially the Mortgage-Backed-Securities (MBS) that govern mortgage rates--held up quite well. In other words, this is one of the few instances where a bad day for rates may actually turn out to be good in the long run. Volatile market conditions put bond markets to the test, and provided them an opportunity to display some innate resilience.”

Blue Home Loans notes that next week will also bring some solid market movers, namely a policy announcement from the European Central Bank and The Employment Situation Report. Either of these two could possibly push rates higher or lower. For those who are planning to refinance and want to ensure that they can take advantage of the currently low mortgage rates, Blue Home Loans suggests starting their application process as soon as possible. California home owners who wish to use Blue Home Loans services can easily call their office for a free consultation from an experienced loan professional, to find out what loan options are the best for their particular situation and how they can take advantage of the best California refinance rates.

As the Blue Home Loans website says, "We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs."

For more information on how Blue Home Loans can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate -- BRE #01938557 NMLS #1162386

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