Rising Interest Rates Can Be Avoided With Loan Love’s Live Rate Quote Feature

San Diego, CA (PRWEB) October 20, 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. With uncertainty continuing due to delayed economic reports caused by the shutdown, many home loan borrowers are attempting to avoid the rising interest rates by locking in today’s low home loan rates. LoanLove.com has provided a way for mortgage borrowers to find the best rates possible with their new live rate quote feature.

This simple tool allows loan borrowers to find dozens of lenders that provide home loans that will fit their specific mortgage scenarios. The live mortgage rate quote tool filters results by a number of criteria, so it is easy for the person using it to find out more about each loan option and more easily compare all the options that are available. This can help them to make the best decision and quickly, so that they can apply for their loan and lock in their rates before rates move any higher.

An article released by Mortgage News Daily on October 15th confirms the slow but steady rise in rates, saying: “Mortgage rates rose moderately today, bringing them to their highest levels since September 23rd. Though the recent move higher has happened very gradually, it's also been fairly determined with none of the past five sessions seeing a move lower. Today's incremental dose of weakness was notable in that it was finally enough to unequivocally nudge 30yr fixed best-execution back up to 4.375%, though buying down to 4.25% continues to make sense for some scenarios depending on personal preference. Last week, we'd increasingly noted that rates had no incentive to move any lower without market participants getting their hands on the important Employment Situation Report--the most important piece of economic data each month and recently postponed due to the shutdown.”

Because of this situation, it would be wise for those who have been on the fence about getting a home loan to seriously consider getting down to business so that they can lock in current rates and not be stuck with a higher rate that they might very likely have to settle for down the line. LoanLove.com has many free resources and tools available (such as the above mentioned live rate quote tool and a number of mortgage calculators) for those who are looking for the best home loan deals and encourage as many visitors as they can to utilize these to the full.

For more information and to find the lowest interest rates today, please visit LoanLove.com.

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