Low Mortgage Interest Rates Create Perfect Opportunity To Refinance Or Purchase A Home

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LoanLove.com helps borrowers find and compare the best rates with the advice found in their new article.

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. The website provides both expert information and helpful online tools that can help loan borrowers find the perfect loan for their situations. Now with low mortgage interest rates creating a perfect opportunity for home loan borrowers, Loan Love seeks to provide even more help with their new article that provides advice on comparing loan rates and helpful tool for finding the best rates around.

These low rates are near the lowest levels in four months. A report from Mortgage News Daily from October 28th, says: “Mortgage rates stayed in line with recent 4-month lows today. In some cases, there was a slight movement in the closing costs associated with prevailing rates, but the rates themselves didn't change. The most prevalent Conforming 30yr fixed quote (best-execution) remained at 4.125%. Every day since last week's jobs report has been relatively calm for mortgage rates. Even then, there was reason to believe that we could be lacking some direction until the next major round of economic data came in. That culminates in next week's jobs report (which is occurring so close to the previous report due to shutdown-related rescheduling), but the current week can certainly play a role.”

Obviously, if next weeks jobs report comes back with strong data, these rates may start climbing back up again. Luckily Loan Love’s new article has some advice that can help mortgage borrowers to find in lock in today’s low rates so that they can avoid any higher rates down the line. The mortgage interest rates comparison guide says:

“With so many lenders offering mortgage products today, it can be difficult to know which loan is truly the best deal for you. Fortunately, there are a few relatively simple ways to compare mortgage interest rates, and taking the time to explore at least one of them could mean big savings for you over the life of the loan.”

Three of the things that the guide suggest that mortgage borrowers look at, aside from the posted rates, is the APR and the GFE as well as mortgage calculators. The article also has the website’s Live Rate Quote feature posted along with it, which can help loan borrowers to put their new found knowledge to immediate good use.

For more information on comparing rates, and to use the Live Rate Quote tool, please visit LoanLove.com.

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Kevin Blue
Loan Love
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