San Diego, CA (PRWEB) February 02, 2015
Mortgage rates have been trending lower for quite a while now, reaching the best levels seen in more than 21 months last Friday and today they were only slightly higher on average. While national averages were just off very recent lows, California mortgage rates pushed closer to all time lows moving .18% lower and bringing the average 30yr fixed rate for top tier borrowers from 3.91% to 3.73%. 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 2nd, 2015, which says, “Mortgage rates were just slightly higher today, but generally did a good job of holding on to recent gains. For perspective, last Friday was the only day in the past 21 months with lower rates, and many borrowers may find their quotes unchanged over the weekend. Almost everyone else would simply see minor increases in upfront costs as opposed to changes in the contract rate itself. Those remain steady with conforming 30yr fixed rates of 3.625% widely available for top tier scenarios and 3.5% not far behind.”
Blue Home Loans explains that while CA mortgage rates are usually higher than national averages this gap is a lot closer today, and while there is still a ways to go before CA rates would be back in line with historic lows, any move in that direction is a good move for mortgage borrowers. This situation has resulted in a lot of great opportunities for California borrowers.
Current homeowners might want to consider refinancing their mortgages if they have not done so already, or even take this chance to “trade up” and move to a better home. New homeowners should be excited about these lower rates, and also about the other changes to mortgage loans that make buying a first home more affordable for qualified borrowers, such as the 3% down payment option recently revealed for Fannie and Freddie insured loans and the reduced mortgage insurance premiums for FHA borrowers.
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. 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 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