Mortgage Rates Uncommonly Flat To Start Holiday Week

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

Movement in mortgage rates was muted today, as volume and participation in bond markets was unusually low. As a result, mortgage rates are uncommonly flat to start the holiday week, with many lenders offering the same rates that were available last Friday. Blue Home Loans, Inc., a full-service California mortgage company that has been helping clients to save the maximum amount of money on their home loans for many years, takes a look at these recent mortgage rate trends and offers some insight for California homeowners or buyers with home loan plans in the near future.

The company takes a look at the December 22nd report from real estate news website, Mortgage News Daily. This article says, “It's rare that the day's MBS RECAP will be published this early in the day, but it's even more rare for volume and participation to be as low as it is--not to mention the general lack of lender response. In fact, apart from a few lenders that have repriced into the afternoon strength, most simply opted to keep rate sheets wholly unchanged from Friday's latest. There was some movement in the overnight session--mostly negative--followed by some movement in the domestic session--mostly positive. The net effect is a Fannie 3.0 coupon that is +0-01 tick on the day and a 10yr Treasury yield that was unchanged at the 3pm Treasury pit close. Volumes are about half what they were Friday--itself about half the recent average.”

Blue Home Loans explains that for those who have loan applications in process, locking in now might be a good idea, but only for those who are very near to closing on their loans. Since most lenders will have limited staff this week, those who are further away from closing would probably want to wait on taking any action since delays could be a problem. In fact, unless tomorrow morning’s load of data results in any change, it might make more sense to wait till after this week to proceed with any home loan plans.

This is not to say that those who are eager to get their home loans started should simply do nothing the whole week. Planning ahead can make a big difference when it comes to saving money on a home loan, and researching the best home loan programs and terms is the best way for borrowers to make the most of their unique financial situation and home loan goals. For those living in California, the Blue Home Loans team has a reputation for providing its clients with the best rates, closing costs, and loan programs that can help home buyers and owners to save money on their loans. says,

“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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