San Diego, CA (PRWEB) October 27, 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 is able to provide loan borrowers with the essentials when shopping for any particular loan. Alongside their many articles and guide videos are innovative features such as the live rate quote tool. This feature can be especially beneficial right now, since the release of weak economic data has resulted in new low interest rates which have not been seen in many months.
This feature of Loan Love can provide borrowers with a list of the best lenders for their particular loan type, so that they can easily compare current mortgage rates and choose a loan that can help them to save the most money over the course of the loan. The biggest advantage of utilizing this tool right now is that it provides live, up-to-date rate quotes so that loan borrowers can make their decision quickly and work to lock in the low rates as soon as possible. This is important because, while rates are low right now, any number of upsets down the road could result in interest rates shooting back up again. As an article from Mortgage New Daily, which was posted this October 24, says:
“Mortgage rates held steady for the most part on Thursday, keeping them in line with 4 Month Lows (a milestone reached last Friday). There were slight variations in closing costs between lenders, with some moving either higher or lower from yesterday, but not even remotely enough to change the prevailing rates. As such, the most prevalent conforming 30yr fixed rate (best-execution) remains at 4.125% for the best qualified buyers. Despite an increase in the amount of economic data, activity was quite light in Bond markets, which include the mortgage-backed-securities (MBS) that most directly influence mortgage rates. Trading levels stuck to their recent ranges, but did follow movement in equities markets to some extent. In general, the more significant pieces of data coming up in the next two weeks are keeping movement subdued. We saw the same phenomenon ahead of the most recent jobs report, but we also saw how potent enough surprises can affect the stability. It makes sense to be ready to act quickly in terms of locking a rate.”
Aside from the live rate quote tool, Loan Love features many very helpful articles for those who are looking for the right loan product. By reading up on the many topics available, and using the tools available on the site such as the rate quote feature and mortgage calculators, borrowers will be well informed and well equipped to find the best home loans for their situations and be able to act fast so that they will not miss out on the great opportunity that the currently low rates present to home loan borrowers.
For more information, please visit LoanLove.com.