Loan Love’s New Rate Quote Tool Helps Borrowers Find The Lowest Mortgage Rates In Months

San Diego, CA (PRWEB) October 22, 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. Now, with the market looking at the lowest mortgage rates in several months, Loan Love seeks to help their readers make the most of the current decreasing trend by helping them find the best possible loan products with their new live rate quote tool.

These new lower rates are the best that they have been in four months. An article by Mortgage News Daily posted on October 18th, says: “Mortgage rates fell only slightly today, but with yesterday already near 4-month lows, today's moderate improvement makes it official--at least in terms of closing cost. The actual interest rate that the best qualified buyers are likely to be quoted isn't any lower than the previous 4.25% (best-execution). The gains would instead be seen in the form of slightly lower closing costs, or slightly higher lender credit depending on the scenario. Very little happened today to inspire market movement. There was no significant economic data and no surprising clues about Fed policy. Before, during, and after the shutdown, we've maintained that bond markets are most intently focused on the official Employment Situation Report.”

As the above quote mentions, the coming jobs report will likely have a great impact on interest rates. Whether this will be good or bad for home loan borrowers remains to be seen. Those who are content with the rates that are currently available (which are still very low comparatively speaking) and who do not want to risk a big increase once the jobs report is available, would do well to look for a loan now and lock in their current mortgage interest rate. LoanLove.com can help borrowers to find and apply for the best rates with their live rate quote tool.

This tool allows borrowers to immediately see dozens of the best lenders that are offering mortgage products that fit their specific mortgage criteria. They can easily compare these different offerings, and sort through the different loans using a number of different search options. This will not just help them to find the best posted rate, but to find the loan that offers the most benefit and savings for them over the long haul. A Loan Love guide is also available which can help the borrower to understand what they should look for, specifically, when trying to find the best loan.

For more information on how loan borrowers can compare rates and benefit the most from the current low rates, please visit LoanLove.com.

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