San Diego, CA (PRWEB) November 17, 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. The experts at Loan Love are consistently finding new ways to aid their readers with their mortgage loan issues by providing them with helpful home loan planning tips and strategies. Recently, a jobs report has shown better numbers than what was originally predicted, causing mortgage rates to rise in effect. Loan Love’s mortgage rate comparison guide can help loan borrowers or those seeking to apply for a loan ease in into their mortgage loans with some helpful advice on today’s interest rates.
A visible shift in interest rates occurred recently with the release of a new Employment Situation Report. A news article dated November 8th from Mortgage News Daily further reports: “Mortgage rates shot dramatically higher after today's long-awaited Employment Situation Report (also referred to as "NFP" to save space and because the headline component of the report is "Non-Farm Payrolls"). Trading levels in the secondary mortgage market (MBS or 'mortgage backed securities) fell off a cliff immediately after the report, well before any lenders released their first rate sheets of the day. Lower MBS prices translate directly to higher rates. In most cases, today's rates are .125-.25 percent higher than yesterday's. The most prevalently quoted conforming 30yr fixed rate for ideal scenarios (best-execution) therefore rose to 4.375% and in some cases as high as 4.5%. Yesterday we discussed the fact that bond markets were setting up to digest the jobs report from the center of their recent range and that the outer boundaries of that range likely represented the targets for a very strong or very weak reading. We got the strong reading and rates wasted no time in moving precisely to that 3.375-3.5% boundary seen in mid October.”
For many loan borrowers, this new information can be off-putting and many may feel urged to scrap getting a home loan for now. Loan Love assures there is no need to be alarmed, however, Rather, Loan Love advises readers to spend wisely and shop smart when looking for a home mortgage loan purchase. As it stands, mortgage loans can still be enjoyable for borrowers as interest rates are still comparatively low as to what was experienced months prior. Loan Love’s new rate comparison guide can serve as a fundamental way for borrowers to differentiate their mortgage options and find the best loan solution for their home purchasing goals. The rate comparison guide states:
“With so many lenders offering mortgage products today, it can be difficult to know which loan is truly the best deal for you. Fortunately, there are a few relatively simple ways to compare mortgage interest rates, and taking the time to explore at least one of them could mean big savings for you over the life of the loan.” And “Comparing the costs of multiple mortgages only sounds like a complicated and time-consuming task; the truth is, any of these simple comparison methods takes only a minimal investment of your time, but the results can yield huge savings for you over the lifetime of your mortgage.”
To find out more on today’s interest rates and comparing the best mortgage rates, please visit LoanLove.com for the full article.