CA Mortgage Rates Hold Steady Ahead of Employment Situation Report

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Blue Home Loans, Inc. comments on the recent activity in mortgage rates reported by Mortgage News Daily and offers some insight and advice for California homeowners and new home buyers.

Mortgage rates did an admirable job of holding their ground today, despite the fact that the bond markets which underlie rates were in weaker territory. Despite this situation, mortgage rates levels were still not far off from the best levels seen over the past 21 months. With CA mortgage rates holding steady ahead of the employment situation report tomorrow, there is a good chance that the rally will continue towards lower mortgage rates if NFP data comes back weaker than expected. California full-service mortgage company, Blue Home Loans, Inc., has been helping clients to gain the maximum amount of savings on their home loans for many years and now takes a look at the recent mortgage rate trends and gives some advice for those who have home loan plans for the near future.

The California mortgage company takes a look at the report from real estate news website, Mortgage News Daily, posted this February 5th, 2015, which says, “Mortgage rates held their ground today even as trading levels in bond markets suggested a move higher.--- Today's trading levels were in a good range so as to avoid major impact to rate sheets. The tone in markets was slightly supportive throughout the day after overnight weakness. As such 3.625% remains the most prevalently-quoted conforming 30yr fixed rate for top tier scenarios. 3.5% is still a distant second.”

The MND article continues, explaining, “Tomorrow brings the big Employment Situation Report. Historically, this is the single most important piece of economic data of any given month. While that continues to hold true, other non-data related events have conspired to rob it of much of it's past significance. Even so, it's still quite capable of motivating big short-term changes in rates, and in either direction depending on the tenor of the data. Longer term and bigger picture, the positive trend remains intact for rates, but floating through the jobs report is always a short-term risk.”

Blue Home Loans explains that if tomorrow’s data is weaker than expected, or even if it just does not show much stronger data than expected, there is a good chance that rates could continue to improve and the long term trend towards lower rates will remain intact. However, there is still a lot of risk for those who are near to closing on their loans. Those who want to avoid having to settle for a higher rate might want to lock in as soon as they can and those who do not yet have a mortgage application in process should consider applying as soon as possible to ensure that they are in a position to benefit from the lowest mortgage rates possible.

California borrowers who want to be sure that they benefit from the best California mortgage rates in 2015 will find that they can count on the mortgage experts at Blue Home Loans, Inc. to find them the best rates and mortgage programs for their unique financial situation and home loan goals. Co-owner of Blue Home Loans, Brandon Blue, says, “I love the personal satisfaction that I receive when I am able to save my clients both time and money--getting them the best deal I possibly can on their home loan. Whether you are looking to purchase your dream home, or want to save money on your existing home, feel free to give me a friendly phone call. I promise that you will not be given some cheesy sales pitch, and that I will listen to your mortgage needs without utilizing any high pressure sales tactics.”

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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