Mortgage Rates Improve For 2nd Day Resulting In A Meaningful Threat To February’s Negative Trend

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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.

A steady day in bond markets allowed more lenders to pass along yesterday’s gains and mortgage rates have improved for the second day in a row, resulting in the strongest move lower this month and setting up a meaningful threat to February’s negative trend. 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 activity in mortgage rate levels 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 on February 25, 2015, which says “Mortgage rates had a bad Valentines Day. It's not that anything happened on that Saturday. Indeed, lenders weren't even open. It's just that things changed significantly by the time U.S. markets reopened on Tuesday, with rates moving higher at the fastest pace in over a year. After a purely corrective bounce the following day, rates spent the next three days in limbo. That brought us to yesterday's big move lower following Yellen's testimony and an anticlimactic Eurozone response to the Greek bailout (initial approval), but it was an outlier against an otherwise crummy trend toward higher rates in February.”

The MND article goes on to explain, “Today brought only modest improvement, but taken together with yesterday, it was the strongest 2-day stretch of the month. Most importantly, holding ground today helps to solidify yesterday's bigger move as something other than an anomaly. It begins building a case for February's negative trend to be meaningfully threatened. As is always the case, there's no way to be sure that this push back continues, but the point is that it leaves the door open for a push back to continue at all!”

Blue Home Loans explains that while there is still a long way to go before getting back to January’s low rates (and levels may not even get that far at all), these past few days of positive rates have given hope back to mortgage borrowers after the rest of February so cruelly stripped it away. As the MND article explains, there is no way to tell yet whether this new trend lower will stick, but end of the month trading and other factors have the potential to result in even lower mortgage rates in the days to come.

California mortgage borrowers who want the highest chance of finding the best mortgage rates in California can put their trust in the mortgage experts at Blue Home Loans, Inc.

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 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

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