Interest Rate Predictions Uncertain Due To Possibly Delayed Jobs Report – LoanLove.com Helps Borrowers Make The Best Home Loan Decisions At This Time

LoanLove.com's new live rate quote tool can help borrowers decide how they will proceed with their home purchase or refinance plans.

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San Diego, CA (PRWEB) October 05, 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 is the live rate quote tool, which provides borrowers with the best mortgage interest rates available for their specific mortgage scenario. This is especially useful right now, as the possibility that the big jobs report will be delayed by the government shutdown has made interest rate predictions very uncertain at the moment.

This uncertainty may cause those who have been on the fence about taking out a home loan to start thinking more seriously about getting approved for a loan now, so that they can lock in their rates before they move any higher. Whether the borrower plans to lock in their mortgage rate on application or wait it out and cautiously float their rate as they watch things unfold, getting approved for a loan now might be the safest course of action, as there is no telling what will happen to mortgage rates once the jobs report is finally released. As a report from Mortgage News Daily, which was posted this October 2, says:

Mortgage rates were flat to slightly lower today, depending on the lender. Taken together with the previous three days, it would be more than fair to say rates have gone dead flat since bottoming out on Friday. Uncertainty is a major factor in the lack of movement, not necessarily because of the government shutdown itself, but because the shutdown may prevent traders from reacting to the big jobs report scheduled for Friday. It is, as yet, unclear whether or not the jobs numbers will be released if the shutdown ends before Friday morning.”

Those who are taking this as a sign that they should try to find financing for their home loans as soon as possible can greatly benefit from Loan Love’s live rate quote tool. This feature of the website allows those who are looking for the best possible mortgage rates to quickly see all the lenders that offer the lowest rates for their unique mortgage situation. Borrowers will just need to input some basic information about the loan that they wish to apply for and the tool will present them with dozens of different lenders that match their specifications. The rate quote tool also has a mortgage rate comparison guide posted along with it, that can help both new and experienced mortgage borrowers to know what to look for when comparing the different options presented to them.

This live rate quote tool and the mortgage rate comparison guide can be used for free at LoanLove.com.


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