Average mortgage rates moved slightly lower after
The same article goes on to explain, "In the bigger picture, rates are still very near their lowest levels of the year. While
Blue Home Loans explains that whilst mortgage rates are here near the lowest levels of 2014 it might be wise for most borrowers to lock in. This is because rates have not been able to break new lows for nearly three months. This could change at any time, but until it does, the risk of rates moving higher outweighs the reward of rates dropping fractionally to "the lowest rates of 2014". Because of this, those who are near to closing on their home loans should consider locking in soon, while those who have more time on their hands may wish to float, but should also weigh this decision carefully.
For those who are just starting out with their loan process, locking on application is always an option, but borrowers may wish to do this with a lender that allows for renegotiation, in case rates turn around before they close their loan. Those who do not immediately lock in their rates will want to be sure that they can depend on their loan officer to keep them informed of any situations where locking would be favorable, or the best option to avoid higher rates.
Blue Home Loans can help
"Our goal is to offer the best refinance rates and lowest mortgage payments in minutes. We will beat virtually any mortgage rate quote and our wide selection of loan products are sure to provide the perfect mortgage solution for all of your Real Estate Finance needs." – "Whether you need help for a debt consolidation loan or you have bad credit, we are your complete mortgage solution for refinance and purchase transactions. Need cash out? Debt consolidation, cash out, and low interest rates are our specialty, regardless of bad credit, foreclosures, or bankruptcy. We know that you have specific needs and we strive to meet those needs with a wide array of refinance and purchase products and most importantly, quality service and individual attention."
For more information on how Blue Home Loans can help
Read the full story at http://www.prweb.com/releases/blue-home-loans/mortgage-rates-move-lower/prweb12116821.htm
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