Mortgage Rates Continue Slightly Higher But End Day With Room For Improvement

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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 were in worse shape to start off today, but by the end of the day the bond markets that underlie rates had recovered enough ground that rates were slightly improved and may even be better tomorrow. 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 4th, 2015, which says, “Mortgage rates were steady to slightly higher today, depending where you looked and at what time of day. The morning hours brought additional pain for rate-watchers as lenders were universally in weaker territory versus yesterday. Unlike yesterday, the weakness noticeably found its limit early in the day and underlying bond markets didn't lose any additional ground. A sharp drop in oil prices and foreboding headlines out of Europe helped fuel a flight to the relative safety of bond markets in the afternoon, thus giving lenders room to lower rates.”

Blue Home Loans explains that there is even a good chance that lenders could be offering even lower mortgage rates tomorrow morning. The MND article says, “The lenders that reissued rate sheets in the afternoon were very close to yesterday's latest levels. Even so, most of them did not pass along the full scope of the move in underlying markets. Bottom line: mortgage-backed-securities are now priced better than they were yesterday afternoon, yet the average lender is still priced worse. That suggests a bit of a head start for tomorrow morning as it's not uncommon for a certain portion of the lender community to hold off on fully adjusting rate sheets for rapidly changing market levels late in the day.”

The California mortgage company explains that this new development is encouraging news, as it seemed as if the time of lower mortgage rates could have been coming to an end – and in all fairness this might still be the case. However, it is interesting to note that the trend has been for mortgage rates to rise ahead of the monthly NFP report (which is scheduled for this Friday) and rally in the week following. While things could definitely be different this time around, there is definitely that hope that prospective home loan borrowers can hold on to.

Overall, it is still a great time for California borrowers to save a lot of money on their home loans. Those who choose to wait and see if rates will get lower should just be very careful and check in with their loan officer every day or, even better, have a loan officer that they can rely on to inform them of any developments that warrant their attention. 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 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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