The slow trickle of improvement continued for mortgage rates today, and with today's very slight increase, mortgage rates are nearing 2014 lows again.
That same article goes on to say, "The bond markets that underlie mortgage rates started strong today, once again benefiting from strength in European bond markets… Bond markets didn't move much during US trading hours, but this was more true of the
Blue Home Loans explains that with today's rates hitting the second-to-lowest levels of the year, it could be a very good opportunity to lock for many borrowers right now. Those who are near to closing on their loans should definitely consider locking in their current mortgage rates, while those who have more time on their hands could choose to float, but should do so carefully, as rates could possibly move higher after tomorrow's data, which could lead to more volatility in the market.
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 drop even lower before they close on 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
"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
Read the full story at http://www.prweb.com/releases/blue-home-loans/rates-nearing-2014-lows/prweb12128086.htm
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