Interest Rates Reach Three Month Lows – Helps Borrowers Benefit From These Improved Home Loan Rates

Share Article offers helpful advice and resources for those seeking to benefit from today's lowered rates. is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at 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. This week saw interest rates reach three month lows after months of nearly continuous increases. Obviously, this is a great benefit for those who are looking for home loans, but how should borrowers best go about finding and applying for the mortgage that they will have for the next five to thirty years? provides answers to nearly every question a borrower should be asking, and also offers a number of tools on their website that can help borrowers to find the best loan deals for their situation.

The recent mortgage rate decreases are especially welcome since rates have so high since they jumped up from formerly record lows in June. This jump was the result of the announcement by the Federal Reserve that they would be planning to cut back on their bonds purchases some time this year. This caused rates to increase drastically and they have continued upwards as the mortgage industry held its collective breath waiting to see what the Fed would decide to do come the September 18th meeting of the Fed. Contrary to many people’s expectations, however, as was reported by Mortgage News Daily on September 18th, the Fed actually decided to put off their plans to taper their spending, at least for the time being. Because of this, many borrowers who were on the fence about their home loan plans because of high rates are starting to go on the hunt for the best loan again.

A report from Mortgage News Daily posted September 25 say: “Mortgage rates fell to new 3-Month lows today. That makes this the 11th straight day where rates have held steady or moved lower. Conforming, 30yr Fixed rates remained at 4.375% (best-execution) for most lenders with the improvements coming in the form of lower closing costs or higher lender credit. Some lenders are efficiently priced at 4.25% as well. As we noted yesterday, the burden of proof is on the scheduled economic data when it comes to determining whether or not the Fed is likely to move back toward its previous stance on tapering. In simpler terms, if the data says the economy isn't improving enough, the Fed is justified in continuing to hold off. As long as they hold off, interest rates benefit in general.” gives some tips for those who would like to use this opportunity to bag a great home loan rate. Such as:

  •     The importance of researching any loan option. Low rates may make some people anxious to apply for the first loan that offers a lower rate, however this could be a mistake, as there could be other drawbacks to the loan that are not immediately apparent. Taking a little time to thoroughly research the loan is always important, even when rates seem to be moving so fast.
  •     Using tools such as the mortgage calculators and the live rate quote tool on can help loan borrowers to locate the best possible loan scenario for their situation.
  •     Locking in the rate on application (which has been advocated the last few months as rates were continuously rising) is not absolutely necessary, as some still expect rates to edge slightly lower. However, Loan Love cautions borrowers against floating too long, as there could be changes to these rates without any prior warning.

Overall, the new rates are a breath of fresh air and will help many more home loan borrowers to get the financing they need to get into their homes. For more information how to find the best rates, and to get a live rate quote, please visit

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Kevin Blue
Loan Love
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