San Diego, CA (PRWEB) April 23, 2014
Mortgage rates recovered two days of weakness today, thanks mostly to a weaker than expected New Home Sales report released earlier in the morning. With rates expected to rise this year (and in the years to come) borrowers can see these small dips in mortgage interest rates as opportunities to lock in and save money on their mortgage loans. Blue Home Loans, Inc., a California full-service mortgage company that has been serving CA residents for many years, recently updated their loan arsenal with a number of brand new resources and home loan products which can help those who are looking for the biggest mortgage savings to take advantage of these mortgage rate dips and wring them for all they are worth.
As an April 23rd report from Mortgage News Daily confirms, “Mortgage rates moved lower at a healthy pace today, more than erasing the past two days of weakness, but leaving most of last Thursday's weakness intact. Some of the gains were attributable to today's much weaker than expected reading on New Home Sales earlier this morning. Downbeat economic data is typically positive for bond markets which results in lower rates. Today's strength is enough to bring the most prevalently quoted conforming 30yr fixed rate for best-case scenarios (best-execution) back down to 4.375% in many cases, though 4.5% remains a nearly equal contender. When adjusted for day-to-day changes in closing costs, today's rates are 0.06% lower.”
Blue Home Loans explains that these small dips in rates can be very fleeting, but if home loan borrowers act quickly they can sometimes save thousands, or even hundreds of thousands, of dollars on the total costs of their homes. Even a small difference in percentage points can mean the difference between a home buyer spending or saving all that money. The Blue Home Loans team, leaded by father-son duo Robert and Brandon Blue, have always been dedicated to helping mortgage borrowers find the best possible home loans and rates, so that they can get into the homes that they want and save money for the other important things in life.
Rave reviews of the company have resulted in an influx of new clients and the need to expand the company in order to better serve their needs. The company’s new resources and loan products (some of which are not even available with many other lenders) can help those who want to take advantage of current low home loan rates to get the best deals, and settle into their new home, or refinance their current home, with a loan term and rate that they are more than satisfied with.
Blue Home Loans, Inc. can help borrowers within California who wish to lock in the lowest mortgage rates to find the best possible lenders and loans for their situation and work quickly to get approved so that they can avoid higher rates down the line. Their fast online loan application and documentation portal makes it easy for clients to submit their application and keep track of their loan’s progress. With a reputation for fast, reliable and courteous service, the company’s team of experienced loan officers can be especially useful during this time.
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.
CA Dept of Real Estate -- Licensed Broker #01094374 NMLS #938365