CA Mortgage Rates End Week Fractionally Lower – Sideways Trend Continues Unbroken

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Blue Home Loans, Inc. comments on the mortgage rate movement reported by Mortgage News Daily and offers some insight for those who are looking for the best mortgage rates and programs.

California mortgage rates ended the day pretty much like every other day this week or even this month – that is to say, CA mortgage rates ended the week just fractionally lower than the day before. These miniscule rate movements – whether up or down – have been the norm this entire month, with consumers really only seeing the difference in slightly lower or higher costs on their loans. Blue Home Loans, Inc., a California mortgage company that has been dedicated to finding its clients the best home loan rates and programs for many years, comments on the current mortgage rate trends reported by Mortgage News Daily and offers help for those who are wondering how to proceed with their home loan plans.

The November 21st report from Mortgage News Daily gives a good look at what has been happening with mortgage rates over the past week and month. It says, “In the shadow of October 15th--by some measures, the most volatile day in the history of Treasury trading--everything that's followed has been exceedingly tame by comparison. The correction leading back toward slightly higher rates was mechanical and non-threatening. And now November is slipping away with mortgage rates having held 4.0% the entire time and 10yr yields staying in the 2.3's.”

Blue Home Loans explains that being stuck near 4.0% mortgage rates for California is not really a bad thing at all and those who already have mortgage applications that are near to closing might want to consider locking in if they have not done so already. What borrowers who are planning to start a loan application should be aware of, though, is that when mortgage rates remain in such a narrow range over an extended period (as they have so far this month) the likelihood of a bigger-than-average break higher or lower increases. This means that those who hoping to take advantage of this month’s lowest rates should act soon and get their mortgage applications started.

The Blue Home Loans team of mortgage professionals, lead by father and son – Robert and Brandon Blue, can help California borrowers who are seeking the best loan rates and mortgage programs to find exactly what they need so that they can save the maximum amount of money on their homes. Those who choose to use the services of Blue Home Loans can rest assured that the company will do everything possible to ensure that the loan process goes as quickly and smoothly as possible. Blue Home Loans clients can choose to lock in their rates on application, to take advantage of this month’s current levels, or carefully float their rates knowing that their loan officer is keeping an eye on rate movement on their behalf and will inform them of the best opportunities to snag the lowest California mortgage rates.

To find out more about 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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