The same article also states, “In a more average meteorological year, the type of economic data we've seen so far in February would probably be pushing rates slightly lower. While part of the problem may be the handsome improvements in January (and some natural "push back" against concerted, linear movement), the bigger issue is that the economic data itself is citing the uncommonly cold/snowy weather as justification for the slowdown.”
Blue Loan Services explains that the prevailing sense of uncertainty within financial markets means that small factors could cause unexpected movement. While this could be a good thing and cause rates to go down, it could also mean rates moving up for no better reason than market participants going with the flow if it seems things are shifting in that direction. Because of this, Blue Loan Service's advice to most borrowers is that locking in their loan is the best course of action. With such unpredictable rate movement, it would be better to lock in now and possibly renegotiate in the off chance rates do get lower, than the wait it out and be stuck with a higher rate that borrowers will not be able to do anything about.
Blue Loan Services can help those who wish to lock in today’s low mortgage 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 uncertainty.
For more information on how Blue Loan Services can help
Read the full story at http://www.prweb.com/releases/blue-loan-services/ca-mortgage-rates/prweb11604850.htm
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Vybz Kartel Convicted of Murder
- Stocks Close Lower Ahead of Crimea Vote
- FDIC Sues Big Banks Over Rate Manipulation
- Ulta Shares Look Good on Strong Q4
- Jittery Investors Dumping Russian Stocks
- U.S. Consumer Sentiment Falls in Early March
- JLo Turns the Tables in New Vid: 'I Luh Ya Papi'