Mortgage Rates Move Slightly Upward For The First Time In 3 Weeks – Loan Love Urges Borrowers To Find The Right Home Loan While Rates Are Still Relatively Low

San Diego, CA (PRWEB) October 04, 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 can help in finding and comparing the best loan options available. This can be especially useful right now, as mortgage rates move slightly up after the last few weeks’ continuous decreases.

The report from Mortgage News Daily posted September 30th states: “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.”

Although the increase was very slight, it could signal a turn around for current mortgage rate trends, or at least be seen as s sign that rates have bottomed out and will not get much lower. Because of this, Loan Love advises those who have been looking for the best possible home loans to not wait longer than they have to and try to get things locked in as soon as possible. Loan Love’s live rate quote tool can help borrowers to do this easily.

The rate quote feature on LoanLove.com enables borrowers to quickly view all the best loan options that are available to them. They simply need to enter minimal information about their loan, such as their location, the amount of the loan, their credit score and preferred loan term, and then they will be provided with dozens of lenders that offer the lowest rates for their specific mortgage scenario. Loan Love also makes it easy for new borrowers and even experienced home owners to compare between the different loan option, as it provides a handy guide that is posted along with the rate quote feature.

Following this guide, loan borrowers can easily sort through their loan options using various search criteria, in order to find the loan that best suits their needs and provides the highest savings over the course of the loan. For more information on what to look for when comparing different loan options, and to use the free live rate quote tool, please visit LoanLove.com today.

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