Today’s Interest Rates Rollercoaster Ride Explained In A New Loan Love Article

Share Article posts a new article explaining why today’s interest rates are so erratic and what consumers should keep in mind when trying to lock in a good mortgage rate. 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 most recent information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Recently, the website posted an article explaining why today’s interest rates are so erratic and what consumers should keep in mind when trying to lock in a good mortgage rate.

The article says: “Here’s the thing: It’s always easy to do a little Monday morning quarterbacking and say, “Wow. Anybody with a brain could have seen THAT was going to happen.” For example – looking back at the housing bubble and seeing how incredibly overpriced many homes were – not to mention the sizes of the mortgages a lot of lenders were writing – it’s easy to say now that the housing market was poised for a fall – a big one. But while some people got stuck with a lemon – like an inflated mortgage that left them owing more than their home was actually worth – other people watched as the economy began to spiral downward and waited for the adjustments and incentives that would surely follow. You can guess which group came out on top. For most of us, it’s easy to get wrapped up in the minutiae of day-to-day living; but sometimes, learning to read the signs and signals of broader economic indicators can help you make much wiser financial decisions.”

These “bubbles”, as the article explains, are nothing new, and in retrospect it is easy to see the warning signs and wonder how so many people could have made such bad decisions. In reality though, the appeal of the moment often causes investors to ignore these signs. Savvy homeowners and buyers should always keep in mind that there have been huge sudden changes in mortgage rates before and do their best to learn from the mistakes of the past and look for warning signs of trouble ahead. Loan Love gives an example of a “tulip bubble” that seems ridiculous now, but had 17th century investors paying up to ten times what a skilled craftsman would make per year on a single tulip bulb. This type of unwise investment can still happen today.

Loan Love says: “So what can we learn from all these bubbles? First, it’s true, history does repeat itself. And knowing that, we can be a little bit smarter when we shop for mortgages or other investments. So, the next time you see housing prices or mortgage rates (or tulip bulb prices) spiral upward or downward, take a breath before plunging in; while it’s easy to get sucked into the buying frenzy, it’s much wiser to look at the broader picture so you can, hopefully, spot the signs that can spell disaster – or opportunity. Today’s interest rates are nothing new- in reality, rates are still near rock bottom if you took an average of the past 15 years. If you haven’t guessed by now, they’re definitely going up. And going up fast. Act quickly if you’re looking to acquire or sell real estate, time is against you (at least in the short run).”

For more information on today’s interest rates’ ups and downs, please visit for the full article.

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Kevin Blue
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