San Diego, CA (PRWEB) July 06, 2014
Blue Home Loans, Inc., a California-based full service mortgage company that has been helping CA residents find the best rates and loans available for many years, has been keeping track of these recent mortgage rates trends and now comments on the current situation and offers some advice for those who are not sure how to proceed with their home loan plans.
That article continues, “Less expected was just how strong it was–at least at the headline level. The most important component of the report is the Nonfarm Payrolls reading (which is why you’ll sometimes see it referred to as NFP), which came in at 288k today compared to a forecast of 212k. The forecast is derived from the median of multiple analayst/economist forecasts submitted to major data aggregators like Reuters and Bloomberg. When the actual result is stronger than expected, bond markets–and thus mortgage rates–tend to suffer.”
California Bureau of Real Estate — BRE #01938557 NMLS #1162386