San Diego, CA (PRWEB) April 22, 2014
Mortgage interest rates rose to the highest levels in two week yesterday, extending the losing streak that started with a stronger push upwards last Thursday. Mortgage rates naturally rise and fall, but with the outlook for 2014 predicting a steady increase in mortgage rates, those who wish to save the most amount of money on their loans should definitely be eyeing their loan options right now. Blue Home Loans, Inc.’s new services can help those who are looking for ways to save money despite rising rates to get the best loan programs and lenders and lock in at the lowest possible rates and closing costs.
An April 21st report from Mortgage News Daily says, “Mortgage rates were just slightly higher today, extending a more forceful move higher last Thursday. Whereas markets reacted to deescalating tension in Ukraine and stronger domestic economic reports last week, the current week is off to a slow start. The underlying financial markets that affect mortgage rates didn't see any excitement for better or worse, keeping what has been a flat range for several months intact for yet another day. Most lenders were in slightly weaker territory today, but not enough to prompt a change in actual contract rates. That means that the weakness was seen in the form of slightly higher closing costs for the same rates quoted on Thursday. As such, the most prevalently quoted conforming 30yr fixed rate for best-case scenarios (best-execution) remains at 4.5%. When adjusted for day-to-day changes in closing costs, today's rates are 0.02% higher.”
Blue Home Loans explains that while yesterday’s increases in rates were not staggering, each fraction of a percentage point higher rates get can really add up over a 30 year mortgage term – by finding a loan option that skims down the rate by just a fraction, loan borrowers can save thousands of dollars, or even more, on their mortgage payments over the course of their loan. Luckily, increasing demand for expansion of Blue Home Loans, Inc. caused by an influx of new clients due to rave reviews has resulted in the mortgage company offering even more loan options than ever before.
This means that the Blue Home Loans team, headed by father and son duo, Robert and Brandon Blue, is even better able to serve its clients and find them the loans that will help them to save money in the long run and thus counterbalance the rising home loan rates which the industry has been seeing. The company, which has always been known for its excellent services and specialization in home purchase and refinance loans for Conventional, VA, FHA and Jumbo mortgages, can now offer even more, with resources and loan programs that are not available from many other lenders at this time.
For more information on these new resources and loan programs, and to find out 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