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Current California Mortgage Rates

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You've probably noted, if you're looking for a mortgage loan, that the current California mortgage rates are quite low, as compared to a historic average. Why are they low, and what does this mean in terms of your own specific search for the right loan?

If you take a look at the current California mortgage rates, you'll see that the current low follows our own economic downturn. While our economy is still one of the strongest in the world, it has dipped from its late nineties boom. This is good news for the home buyer, in many ways.

When you're searching for a real estate investment here in the Golden State, you want to begin it on the right foot. That means landing a loan with an affordable down payment, excellent terms, and a low interest rate. Because rates are low, this translates into a lot of competition between buyers, but also a lot of competition between the lenders themselves. Learning to navigate and exploit the beneficial aspects of this market is key.

At First Union Home Loans, we guide our clients through all aspects of this process. It's not enough to understand the factors--credit scores, loan programs, financial abilities--we need to plan a strategy for home financing together. Submit some quick and simple information via our online form, and find out what kinds of excellent, low-rate home loans we can broker for you! The current California mortgage rates may not hold out for long, and taking advantage of the current conditions can be an excellent decision.


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