Low Interest Rates Of Today Are Readily Accessible With Loan Love's Live Rate Quote Feature

SAN DIEGO, Oct. 29, 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 Love is consistently able to provide borrowers with the satisfaction they when searching for the best loans the mortgage world has to offer. Their vast library of articles and guide videos on their main website along with their creative new features like the live rate quote tool can help loan borrowers better understand and find only the most essential loans for their home purchasing needs. The live rate quote tool is a tool many loan borrowers will find most helpful as of the moment with the current low interest rates situation many are experiencing due to an economic report being recently released.

The relatively new live rate quote feature has given loan borrowers the opportunity to sort out the best lenders when it comes to looking for specified loan type while efficiently comparing the best rates available among a loan borrower's options. Possibly the biggest advantage of using such a tool as of now is that it provides live, up-to-date rate quotes so that loan borrowers can make their decision quickly and work to lock in the low rates as soon as possible. It is crucial now more than ever before in the past few month because even with the low interest rates, and sudden shifts in the economy can cause interest rates to spike upwards again. An article from Mortgage News Daily reports on the ongoing trends with interest rates now with an article posted October 24:

"Mortgage rates held steady for the most part on Thursday, keeping them in line with 4 Month Lows (a milestone reached last Friday).  There were slight variations in closing costs between lenders, with some moving either higher or lower from yesterday, but not even remotely enough to change the prevailing rates.  As such, the most prevalent conforming 30yr fixed rate (best-execution) remains at 4.125% for the best qualified buyers. Despite an increase in the amount of economic data, activity was quite light in Bond markets, which include the mortgage-backed-securities (MBS) that most directly influence mortgage rates.  Trading levels stuck to their recent ranges, but did follow movement in equities markets to some extent.  In general, the more significant pieces of data coming up in the next two weeks are keeping movement subdued.  We saw the same phenomenon ahead of the most recent jobs report, but we also saw how potent enough surprises can affect the stability.  It makes sense to be ready to act quickly in terms of locking a rate."

The live rate quote tool is just one of many innovative features that borrowers can benefit from on the Loan Love website. The live rate quote tool comes with a handy article that can help readers better understand the functions of the tool while providing expert advice on what qualities a loan borrower should look for when shopping for a loan. Alongside the website's many articles and mortgage calculators, borrowers can gather information on particular workings of a loan and shop with confidence knowing which loan is best for their financial situation.

To learn more on the live rate quote tool and the many other features provided by Loan Love, 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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