Mortgage Rates Increase Slightly – Loan Love’s Live Rate Quote Feature Helps Borrowers Find The Best Loans While Rates Are Still Relatively Low

San Diego, CA (PRWEB) October 03, 2013

LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Loan Love also provides many useful tools that can help those who are trying to find the best home loans. One of these tools is the live rate quote feature, which allows borrowers to find and compare dozens of different loan options that fit their specific loan requirements. This tool is especially helpful right now, since the slight mortgage rates increase that has happened recently may mark a trend for higher rates, so home loan borrowers would be wise to find a suitable loan as soon as they can.

An article that was posted September 30th on Mortgage News Daily reports: “Mortgage rates rose very slightly today for the first time in 3 weeks. The difference in rate sheets compared to Friday's latest was minimal, and some lenders were actually slightly better today. Despite the minimal rise, this technically ends an impressive streak of 13 straight days without moving higher. The average 30yr fixed rate was 4.75% when the streak began and now stands at 4.25% (best-execution) for conforming, 30yr Fixed loans. With the exception of Friday, today's rate sheets are the best since June 19th for most lenders.”

As the report states, the increase was very slight, and rates are still much lower than they have been for a very long time. This is why Loan Love encourages those who are planning to buy a home or refinance their current mortgage to act now so that they can lock in a low rate. This increase, while slight, could be the first of many increases over the next few weeks and months, so home loan borrowers should take this risk into account when deciding if now is the best time to take out a home loan.

For those who do want to proceed with their home loan plans, Loan Love’s live rate quote tool can be very useful. This feature of Loan Love’s website allows borrowers to view dozens of the best loan deals that fit their specific mortgage requirements. The live quote tool allows borrowers to sort their search results by a number of different criteria, which makes comparing each option much easier. Those who want to use this tool simply need to visit the website and enter some very basic info about the loan that they would like to take out; the live rate quote tool does all the rest.

The website also features a number of borrower’s guides and other tools, like their mortgage calculators, which can help assist the home loan borrower in finding the best loan deal for their situation, which will help them to save money over the long run. For more information on finding the best loan rates, and to use the free live rate quote tool and mortgage calculators, please visit LoanLove.com.

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