SAN DIEGO, Oct. 22, 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. Now, with the market looking at the lowest mortgage rates in several months, Loan Love seeks to help their readers make the most of the current decreasing trend by helping them find the best possible loan products with their new live rate quote tool.
These new lower rates are the best that they have been in four months. An article by Mortgage News Daily posted on October 18th, says: "Mortgage rates fell only slightly today, but with yesterday already near 4-month lows, today's moderate improvement makes it official--at least in terms of closing cost. The actual interest rate that the best qualified buyers are likely to be quoted isn't any lower than the previous 4.25% (best-execution). The gains would instead be seen in the form of slightly lower closing costs, or slightly higher lender credit depending on the scenario. Very little happened today to inspire market movement. There was no significant economic data and no surprising clues about Fed policy. Before, during, and after the shutdown, we've maintained that bond markets are most intently focused on the official Employment Situation Report."
Loan Love's live rate quote tool can help borrowers to stay ahead of any increases by finding and applying for the best mortgage loans today. The easy to use tool allows for fast comparison among dozens of different loans that perfectly match the loan borrower's specific mortgage needs. Borrowers can sort the loans available by posted rate, annual percentage rate, points in APR, closing fees, estimated monthly payment and more. This, along with the mortgage calculators which are also available on Loan Love's website, can facilitate a fast loan process and enable the loan borrower to make the smartest financial decisions which could save them hundreds, and even thousands of dollars.
With the Employment report set to come out soon, there really is no telling where mortgage rates will head once it is released. Those who are content with current rates (which are very low compared to what was available just a short while ago) and who do not want to risk any costly increases in the future should take full advantage of the tools and information that Loan Love has provided for their readers.
For more information on the lowest mortgage interest rates, and to use Loan Love's live rate quote tool, please visit LoanLove.com.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
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