California Mortgage Rates Remain Steady Near 4 Month Lows

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Blue Loan Services comments on current interest rate trends and offers advice to home loan borrowers.

Blue Loan Services

Blue Loan Services

Blue Loan Services is a full service mortgage company that has been helping residents of California to find the best loan products and home loan rates for many years. The company, headed by the father and son team Robert and Brandon Blue, has been dedicated to serving its customers with honesty, integrity and competence. The Blue Loan Services team of mortgage professionals operates with the goal to provide home loans to its clients while providing them with the lowest wholesale interest rates and closing costs possible. These services can be very useful at the moment, as California rates remain steady near 4 month lows. Blue Loan Services can help home loan borrowers to use these new low rates to get the loans that they want and need.

An October 28th report from Mortgage News Daily confirms: “Mortgage rates stayed in line with recent 4-month lows today. In some cases, there was a slight movement in the closing costs associated with prevailing rates, but the rates themselves didn't change. The most prevalent Conforming 30yr fixed quote (best-execution) remained at 4.125%. Every day since last week's jobs report has been relatively calm for mortgage rates. Even then, there was reason to believe that we could be lacking some direction until the next major round of economic data came in. That culminates in next week's jobs report (which is occurring so close to the previous report due to shutdown-related rescheduling), but the current week can certainly play a role.”

As the above article states, current rates are much lower than they have been over the past few months, however upcoming economic reports may change this. There is no telling whether the new data will improve or worsen rates, so cautious home loan borrowers might do well to find an appropriate loan now, and lock in the current rates, rather than risk an increase in rates later on.

Blue Loan Services can help those who wish to lock in the current mortgage rates to find the best possible 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 simple 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 mortgage professionals can be especially useful during this time of rapidly changing mortgage rates.

For more information on how Blue Loan Services can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit BlueLoanServices.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

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