Today's volatility resulted in rates staying more or less the same… on average. In reality, many lenders were split on mortgage rates after today's important events, with some lenders offering higher rates, some lower, and some going unchanged altogether, according to
The same article also explains, "The volatility continues tomorrow with the release of the Employment Situation Report at
Blue Home Loans would have to agree with this assessment – the risk for an increase in rates is very real, but not set in stone. As such the
For those who are just starting out with their loan process, applying for a loan and locking on application is always an option, but borrowers may wish to do this with a lender that allows for renegotiation, in case rates go any 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/split-on-mortgage-rates/prweb12146772.htm
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