CA Mortgage Rates Move Back Towards 2014 Lows

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

Last Friday’s NFP report had the potential to set California mortgage rates on an upward course for the rest of the month/year with its bigger than expected beat. Luckily, that was not really the case last week, as mortgage rate did not move as high as they could have and now it seems that rates are in fact taking the opposite stand, with CA mortgage rates moving back towards 2014 lows thanks to motivation from overseas. Blue Home Loans, Inc., a full-service California mortgage company with years of experience and expertise, takes a look at the recent mortgage rate trends and offers some advice for those with home loan plans in the near future.

The mortgage company takes a look at a December 9th report from Mortgage News Daily. This article says, “Mortgage rates fell again today, bringing them very close to their lowest levels in more than a year and a half. US bond markets (including Treasuries and mortgage-backed-securities) continue taking cues from European bond markets where the benchmark 10yr yield just fell to a new record low. While US Treasuries benefit more than mortgages, there was still enough of a spillover effect to push mortgage rates noticeably lower. Top tier rates for top tier borrowers are now getting back into the high 3's, with 3.875% being the most prevalent conforming 30yr fixed quote today. For the record, 4.0% is not far behind. 3.75% exists, but it's not common and may entail higher upfront costs.”

Blue Home Loans explains that this is great news for borrowers – at least for now. The fact that all this positivity is a spillover from Europe means that whenever it does happen that European markets turn a major corner, domestic mortgage rates will have a lot of making up to do when it comes to where mortgage rates would probably have been if these outside influences were not around to keep them at the low levels seen this year.

In the short term, though, today’s low California mortgage rates are the perfect opportunity for those who want to stay ahead of next year’s predicted rate hike. By starting a loan application now, home buyers and owners will be able to lock in current rates or carefully float if they feel rates might go down even lower before they close on their loans. Blue Home Loans, Inc. can help those who have been thinking of starting a home loan application in California to find their very best mortgage options as well as offer advice on when to lock in their mortgage rates.

The team of mortgage professionals at Blue Home Loans, Inc, lead by father and son – Robert and Brandon Blue – are experienced in working with a wide range of mortgage products and loan scenarios. They are also extremely responsive to clients and can help keep an eye on mortgage rate movement for those who decide to float their rates. No matter what their clients’ home loan needs are, the Blue Home Loans team will do all they can to serve with honesty, integrity and competence. The Blue Home Loans website states, “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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