Mortgage Rates in California Remain Steady

Blue Loan Services comments on the current mortgage rate trends and gives advice for those looking for the best opportunity to apply for a home loan.

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Blue Loan Services

Blue Loan Services

San Diego, CA (PRWEB) November 09, 2013

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. The company also helps keep their clients up dated on any new developments in the mortgage industry that could affect their decisions when it comes to their home loans. The good news right now is that mortgage rates in California have remained steady despite speculation about what the next big economic report will be like.

As a November 6th report from Mortgage News Daily explains: “Mortgage rates were relatively unchanged today, after rising somewhat significantly in the past week. Yesterday's rates were the highest since mid-October. Some lenders are just slightly worse today, while others improved modestly. On average the most prevalent rate for top tier borrowers remains at 4.25% for a Conforming, 30yr Fixed (best-execution). Tomorrow is more likely to shake things up as we'll get the long-awaited first reading on 3rd quarter GDP (which had been delayed due to the government shutdown). The biggest market-moving potential is reserved for Friday's Employment Situation Report, however, and this will likely act to limit the potential impact of the GDP data.”

These steady rates which are currently quite low could make for the perfect opportunity for those who have been waiting to apply for a new home purchase or refinance loan. Of course there is always the potential that rates could go down even further, and this could keep some people on the fence as to whether they should act now to lock in their rates. However, Blue Loan Services notes that, as was mentioned in the above quote, rates will definitely be impacted one way or the other by the upcoming economic reports. If any of these reports show stronger data than usual, the potential for rates to quickly start climbing again is probably too big of a risk for most homeowners.

Blue Loan Services can help those who are ready to apply for a loan to find the best possible loan products and the lowest rates and costs for their individual situations. The California mortgage company can help those who wish to lock in the current rates to find the right home loan 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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