SAN DIEGO, Sept. 24, 2013 /PRNewswire-iReach/ -- 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 interest rates and closing costs possible. The company also offers advice to borrowers on what to make of current mortgage news. Now, with the recent developments within the mortgage industry resulting in the lowest mortgage rates California has seen in months, Blue Loan Services offers advice to those who have plans of taking out new home purchase loans or refinancing their current home loans.
These low mortgage rates are predominantly a result of the Federal Reserve announcing that they would not be taking any action to discontinue their stimulus program for the time being. Speculation about whether the Fed would decide to start tapering off their stimulus spending or not (with many believing that the former would be the case) had caused mortgage interest rates to soar since June when word originally got out that the Fed was considering such plans. But, now, since the recent meeting of the Federal Reserve put an end to all these fears, mortgage rates have started to decrease again. A recent news article from Mortgage News Daily says:
"Last week's big news regarding the Fed abstaining from any significant policy changes continues to benefit rates. Several speakers from the Federal Reserve shared their opinions on the topic today and the overall tone reiterated that the economy was not yet likely to make the desired progress without full-fledged stimulus. Apart from that, news was limited and market conditions were fairly quiet. This is less likely to be the case as the week progresses and the tone of the economic data should have more of an impact as well."
As the article above states, whether or not mortgage rates will continue to recover largely depends on whether the upcoming economic data supports the Fed's decision; strong data would likely result in an increase in rates, while weak data would show the need to keep rates lower. In the meantime, home loan borrowers would be wise to take advantage of this opportunity to lock in these low mortgage interest rates that could easily be gone soon.
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 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
Media Contact: Brandon Blue, Blue Loan Services, 1-888-929-BLUE (2583), email@example.com
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Blue Loan Services