Comparing Today's Mortgage Rates With Loan Love's Live Rate Quote Tool

SAN DIEGO, Nov. 5, 2013 /PRNewswire-iReach/ -- 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. Loan borrowers can find all they need and more when trying to understand the real estate landscape with the numerous articles and guide videos. One of the many features on the home loan advice website is the live rate quote tool, which can help loan borrowers in comparing today's mortgage rates. This helpful little tool can prove useful with today's ongoing changes in interest rates.

Alongside the Live Rate Quote Tool is a handy article that can help a loan borrower scope out suitable loan by providing them the few key components to look for when comparing loans. Locking in lower rates now may be more important than ever, as foreboding news in a report from Mortgage News Daily dated November 1st states:

"Mortgage rates continued higher today, after breaking a very long, very flat streak following last week's jobs numbers.  Like yesterday, today's culprit was stronger-than-expected economic data, this time from the national Institute for Supply Management (yesterday's was the regional Chicago ISM).  The losses were more pronounced, however, bringing the most prevalent 30yr Fixed conforming rate quote (best-execution) up to 4.25%. Part of the problem into the end of this week owes itself to the trading levels that ultimately underlie and inform mortgage rates. In addition to economic data and other market fundamentals, trading of a particular security can also be informed simply by the past precedent of that security itself!"

The possibility that interest rates will dwindle remains yet to be seen, as recent trends show that interest rates may continue to climb until the next job report comes in. Undoubtedly, many home loan borrowers may seize the moment to lock in a low rate in case interest rates steadily increase over the next few weeks. Since there is no guaranteed promise that interest rates will decrease, locking in an interest rate now may be the best option.

Comparing today's mortgage rates can be made easier with the many topics in Loan Love's article column. These articles can help homeowners and future home buyers make the best decisions when it comes to finding an appropriate home loan while avoiding any unsightly mortgage expenses and avoiding hassle. The articles are presented to be user friendly for inexperienced home buyers seeking to learn about mortgage loan shopping while providing insight on important details even veteran home owners will find useful and use to their advantage.

To learn more on comparing today's mortgage rates and to make use of the Live Rate Quote Tool, please visit LoanLove.com. 

Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, contact@loanlove.com

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SOURCE LoanLove.com



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