Mortgage Rate Outlook For The Week Ahead

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California mortgage company, Blue Home Loans, Inc., comments on the current mortgage rates trends and offers advice for those who are seeking the best home loans.

Mortgage rates started moving slightly down by the end of last week, but they are still staying within the narrow range that they have been stuck in for quite some time. Will mortgage rates go higher or lower than this range any time soon? This week could bring the answer to this, with a slew of economic reports scheduled which could have an impact on mortgage interest rates. Blue Home Loans, Inc., a California-based full service mortgage company that has been helping CA residents find the best rates and loans available for many years, has been keeping track of these recent mortgage rates trends and now comments on the current situation and offers some advice for those who are not sure how to proceed with their home loan plans.

A news report from CNBC’s Mandy Drury, published June 20th, says, “Watch for a big week on Wall Street starting Monday. Dow and the S&P start the week near all time highs. Next week traders will be buying, selling and holding, with one eye on Iraq, rising oil and gasoline prices, amid the violence that will definitely be something investors are considering. A lot of key data is on the docket. Big numbers are slated for each day next week, starting with manufacturing data on Monday. On Tuesday the American housing picture takes center stage as Case-Shiller data comes out, along with new home sales, which could shed light on the latest pulse of housing.”

Blue Home Loan explains that with all the data coming up, there is a good chance rates could move around a bit, but there is no telling which way they might head. As far as any dramatic changes in mortgage interest rates, it would take something big to push rates out of the current levels. Because of the uncertainty going into this week, it may be wise for those who are near to closing on their loans to consider locking in the current rates which are still quite low, rather than risk being stuck with a higher rate if there is even a temporary increase. Even those who have not started their loan process yet can benefit from this advice by locking in on application with a lender that allows for renegotiation. This will allow them to keep current low mortgage rates in reserve while keeping their options open in case rates dip lower before their loan closes.

Blue Home Loans can help California borrowers who are looking for the best rates, lenders and loan programs to find exactly what they need so that they can take advantage of today’s lowest mortgage rates and save thousands of dollars on their loans. As the Blue Home Loans website says, "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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