Mortgage Rates Still Near Lowest Levels In 4 Months

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LoanLove.com provides new online tools and information to help borrowers take advantage of today’s low rates.

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 needs. Now, with mortgage rates still near the lowest levels in 4 months, these new tools can come in very handy for those on the hunt for the best loans and rates.

An October 28 report from Mortgage New Daily confirms: “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.”

While these new low home loan rates are great news for many home loan borrowers that have had to put their plans on the shelf due to high rates over the past few months, it is important to realize that these rates may not last very long, as mortgage interest rates are known to shift quickly following any changes in the mortgage world. With no one certain what next week’s jobs report will bring, it would be wise for those who have been hunting for the right rates to consider locking in the current rates as soon as they can.

Loan Love can help borrowers do this by providing access to their Live Rate Quote feature. This handy tool allows visitors to the website to quickly look up all the best rates for the loan type that they wish to apply for. Borrowers will be able to quickly see dozens of different lenders and easily sort and compare them with the rate quote tool. This feature, powered by Bankrate, gives instant access to the best lenders, sorted by area, loan type, loan amount, loan rate and the various fees and other amounts that borrowers will want to compare before applying for a loan.

Those who are interested in using this live rate quote tool to view the rates that are available for their loan situation, and who would also like to read more on how to find the best loan possible, can head to LoanLove.com.

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Kevin Blue
Loan Love
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