CA Mortgage Rates Holding Their Ground In The High 3’s

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Blue Home Loans, Inc. comments on the recent mortgage rate movement reported by Mortgage News Daily and offers some insight for California homeowners and potential home buyers.

Blue Home Loans, Inc. is a full-service California mortgage company that is dedicated to helping its clients avail of the highest possible savings on their home loans. Since getting a good mortgage rate is one of the chief ways borrowers can save money on their homes, California homeowners and potential home buyers will be glad to know that CA mortgage rates are currently holding their ground in the high 3’s, improving modestly after rising at the quickest pace in months on Wednesday and Thursday.

Blue Home Loans takes a look at the current rate trends reported by real estate website, Mortgage News Daily, and offers some insight for those who have plans to purchase or refinance a home in the near future. The December 19th article from MND states, “Mortgage rates found their footing today, moving slightly lower after spending the past two days rising at the quickest pace in months. Most lenders had seen enough strength in the morning to offer lower rates right out of the gate, but some improved rate sheets later in the day as bond markets crept into better territory. The gains bring 3.875% back into clear focus as the most logical, most prevalent conforming 30yr fixed rate quote for top tier borrowers. Some of the more aggressive lenders will be quoting 3.75% by default, but they're the exception.”

Blue Home Loans explains that while mortgage rates are usually influenced by economic data or significant headlines or events that affect the finance world, today’s improvements were more a product of chance than anything else. The MND article explains, “At this time of year, market participants begin taking time off for the holidays. Market sentiment then becomes a factor of whoever is left. That happened to be positive for bond markets today, and consequently mortgage rates. The takeaway for prospective borrowers is that the rest of the year is even more of a crapshoot than normal, and whatever movement we see may not be indicative of the trends that will invariably take shape in early 2015. Locking makes a bit more sense in such an environment.”

So what does this all mean for prospective home loan borrowers? Blue Home Loans advises that those who already have a home loan in process and are near to closing should definitely consider locking in soon, since the current situation makes it hard to tell what the short term trend for rates might be. For those who have not started their home loan applications yet, now would be the time research the home loan products available and find out which one fits their situations best. There is a chance that rates could improve in January and those who want to take advantage of this will want to have their loan application already in process so they will be ready to lock in any gains.

Blue Home Loans can help California borrowers who are looking for the best rates, lenders and loan programs to find exactly what they need so that they can take advantage of today’s lowest mortgage rates and save money on their loans. As the Blue Home Loans website states,

“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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Brandon Blue
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