California Mortgage Rates Move Sideways Despite Improvements For Mortgage-Backed Securities
San Diego, CA (PRWEB) November 13, 2014 -- National average mortgage rates slipped sideways today, according to real estate news website Mortgage News Daily, despite improvement for mortgage-backed securities (MBS) after making it through this week’s Treasury auction process. Blue Home Loans, Inc., a California mortgage company run by father and son, Robert and Brandon Blue, takes a look at what these recent movements in rates could mean for those who are seeking the best California mortgage rates for their home loans.
The November 13th report from Mortgage News Daily explains, “Mortgage rates were sideways for the most part today, keeping the most prevalently quoted conforming 30yr fixed rates between 4.0 and 4.125%. After bond markets made it through this week's Treasury auction process (which happens every other week, in general, and can restrain positivity to a small extent), trading levels improved and several lenders have released positive rate sheet revisions. But even then, the improvement seen on rate sheets didn't measure up to the improvement in the mortgage-backed-securities (MBS) that most directly affect lenders' rate sheets.”
That same article continues, “This isn't altogether uncommon, especially when MBS improve late in the day as was the case today. The tacit implication is that rates can improve even if markets merely hold steady tomorrow. That's a fairly big "if" considering the week's most important economic data comes out in the morning, but all things being equal, markets have shown that they're at least receptive to the idea of reversing recent trends.”
The Blue Home Loans team of mortgage professionals has been helping California borrowers to find the best loan programs and the lowest wholesale mortgage rates for many years. The loan experts at the company explain that those who are hoping to grab a great rate for their home loan should not hesitate to start their loan application as soon as they can, since mortgage rates are still very near to the lowest levels that they have been all year, but the threat of rates going higher is very real. Blue Home Loans can help borrowers who have been planning on a home purchase or refinance to find their best loan options and expedite the application and approval process so that they will have a chance to take advantage of today’s lowest California mortgage rates.
As 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 BlueHomeLoans.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.
California Bureau of Real Estate -- BRE #01938557 NMLS #1162386
Brandon Blue, Blue Home Loans, Inc., http://bluehomeloans.com/, +1 (949) 291-8468, [email protected]
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