SAN DIEGO, Oct. 8, 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. Finding the best interest rate may sometimes be difficult for loan borrowers with the housing market being in a constant flux. The experts at Loan Love help borrowers prepare and deal with these interest rate trends by providing the latest informative videos and articles. One such video, titled "Today's Interest Rates Spike Upward (Roller Coaster Ride Continues)" establish the ongoing changes loan borrowers can experience and how they may be able to adapt to them.
Undoubtedly, customers who have purchased a loan product may be experiencing change in their mortgage loans with interest rates climbing upwards. As the hostess in the Loan Love video explains: "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." 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."
So in this instance while loan borrowers may experience an unwelcome increase in interest rates, Loan Love suggests that is no need to be alarmed. Rather, it is best to be pragmatic when shopping for a loan product and doing extensive research on comparable interest rates as soon as they can. Interest rates are sill rather low, but when the Federal Reserve decides to inevitably stop their bond buying program, interest rates are expected to climb even higher. Increases in interest rates are nothing new, as the article linked to the video points out. One case of this is the many "bubbles" that the market has experienced and survived.
The Loan Love article compares today's interest rates with these bubbles by elaborating: "Bubbles are nothing new; there have been quite a few in the U.S. since the first group of traders gathered under a buttonwood tree on Wall Street in 1792 (the New York Stock & Exchange Board was formed 25 years later). And actually, for a lot longer than that: Way back in the 17 th century, there was a tulip bubble – yes, a tulip bubble – where tulip prices soared to such heights, a single bulb could cost a skilled craftsman more than 10 times his annual income. TEN TIMES! For a FLOWER BULB!"
That being said, mortgage interest rates are still comparatively low when looking back at the past few months. Loan Love advises that future loan borrowers shop smarter before making a hasty choice when searching for the right mortgage loan. The article also recommends acting quickly before it's too late; The forecast for interest rates as history has shown the financial market is that mortgage rates can rise faster before many loan borrowers will know it.
For more information on interest rate trends, please visit LoanLove.com.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com