California Mortgage Rates Continue Inching Higher

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Blue Home Loans, Inc. takes a look at the recent mortgage rate movement and offers advice for those who are seeking the best home loans.

Mortgage rates have been inching higher since reaching the year’s lowest levels last month. Yesterday was no different, with California mortgage rates rising just slightly once again. Blue Home Loans, Inc., a California based full service mortgage headed by father and son team, Robert and Brandon Blue, has been helping borrowers to find the best loan options and lowest wholesale mortgage rates for years. They also pride themselves on keeping their clients up to date on any changes in mortgage rates or loan programs that could help them to save money on their homes.

A November 5th report from Mortgage News Daily gives some more insight into the current state of affairs when it comes to mortgage rates. It says, “Mortgage rates continued their now incessant trend of exceptionally small day-to-day movement, rising only marginally today and remaining in the recent range. That said, they're near the higher limits of that range. While that's unpleasant on some level (like the one where you compare it to mid-October rates), any day of rates out of the last 28 is still better than any other day in 2014.”

Concerning predictions for rates over the next few days, the same article says, “All we can know with certainty is that the past 3 weeks have been very gentle and very bad for rates (meaning that most days have seen rates move higher, but not by very much on any given day) and that upcoming events increase the odds of volatility. These include the European Central Bank's policy announcement and press conference tomorrow morning followed by the Employment Situation Report on Friday.”

Blue Home Loans explains that for those who have been considering applying for a home purchase or refinance loan due to the lower rates over the past month, making a final decision soon is probably the best course of action. While rates are still lower than what they have been for most of the year, they are steadily rising from their lowest lows of the year, and with the upcoming risk of volatility, this upward movement could escalate.

For those who are looking for the best home loan options in California, the Blue Home Loans team can be more than helpful. 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 BlueHomeLoans.com 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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