|By PR Newswire||
|December 10, 2013 05:49 PM EST||
SAN DIEGO, Dec. 10, 2013 /PRNewswire-iReach/ -- Blue Loan Services is a full service mortgage company that has proudly provided California home loan borrowers with the best wholesale home loan rates, the lowest fees and closing costs, and a wide range of loan products to suit their needs for many years. The company's team of mortgage professionals, headed by the father-son duo, Robert and Brandon Blue, has been dedicated to serving California residents with honesty, integrity and competence with the goal of providing the best possible mortgage products for their needs and the highest possible savings over the lives of their loans. The Blue Loan Services team keeps continuously vigilant of any changes in the finance and real estate industries which could affect the home loan rates or mortgage products available to their clients. Now, with lower home loan rates despite a strong NFP result (which usually causes higher rates) Blue Loan Services comments on how home loan borrowers should proceed with their mortgage plans.
The report from Mortgage News Daily posted on December 9th states, "Mortgage rates took Friday's improvements one step further today, moving slightly lower. The most prevalently quoted rates remain between 4.5 and 4.625 percent for ideal, conforming 30yr Fixed scenarios (best-execution) with the improvements being seen in the form of lower costs. For the sake of reference and comparison, today's rates fall somewhere between last Wednesday's and Tuesday's for almost all lenders." It further states, "There were no significant events on today's calendar offering motivation for the bond markets that underlie mortgage rates. Volatility was absent for both US Treasuries, which provide a good sense of longer term trends, as well as Mortgage-Backed-Securities (MBS), which most directly affect lenders' rate sheets. Despite the modest improvements, both Treasuries and MBS looked to be leveling-off more than they were continuing into stronger territory.
"Blue Loan Services explains that what borrowers can gather from this news is that rates are lower now than expected and may possibly continue in this range a while longer. However, while there is not a very good chance that the market will see in big dips in rates over the next month, there is a chance that rates might get much higher in the unlikely, but quite possible, event that the Fed decides to start scaling back their asset purchases this December. For this reason, Blue Loan Services suggests that those who have been looking for the best loan rates take the opportunity to lock in the current low rates while they can to avoid any increases in the future.
Blue Loan Services can help those who wish to lock in the current 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 experienced loan officers 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
Media Contact: Brandon Blue, BlueLoanServices.com, 1-888-929-BLUE (2583), firstname.lastname@example.org
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