San Diego, CA (PRWEB) October 09, 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. In order to help borrowers find the best loans for their situations, the website is continuously updated with new materials that can help them understand the options that are available to them, as well as get a better grasp of what goes on behind the scenes in the real estate business. A recently posted video does this by explaining more about today’s interest rates news and why the future of interest rates are so uncertain right now.
The Loan Love video’s hostess states: “First, they were up, then they were down, and now they're headed back up again. No, we're not talking about this season's hemlines. We're talking about mortgage rates. And unless you've been hiding under a rock for the past couple of weeks or you have absolutely zero interest in financial news, you've undoubtedly heard about how mortgage rates have been spiking upward. Today's news is no different. Given that the recent historic low interest rates were being propped up by a federal government program, an adjustment in those rates -- that is, getting them back to normal levels -- was inevitable. And chances are pretty good that rates are going to go up even more before they finally find their magic "sticking point."
As the above quote mentions, the reason that rates were previously so low in the first place is because of the government’s program which was helping to keep rates low in order to encourage consumer spending which would in turn boost the economy. This program has not ended yet, however it will inevitably need to start tapering off the support it has been giving interest rates. But, as the video says, this should not cause home loan borrowers to panic. The video’s hostess, states:
“The main thing to remember is to stay calm and shop smart: there are more mortgage options than ever before, and that means you still have time to get a mortgage that saves you lots of money. So while the increase in rates isn't exactly good news -- especially if you're considering buying a home or refinancing a mortgage in the near future -- it shouldn't cause you to freak out, either.”
LoanLove.com can help borrowers to look up all types of mortgage options and read up on how they can save the most amount of money over their course of their loans. For more information on today’s interest rates, and to learn a bit more about previous financial “bubbles”, please visit LoanLove.com by clicking here.