SAN DIEGO, Nov. 12, 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. In order to do this, Loan Love is constantly providing readers with the most recent news and loan advice in their many articles and guide videos. One of their newer videos titled "Today's Interest Rates Spike Upward (Roller Coaster Ride Continues…)" concentrates on how home mortgage loans work and explains to viewers current mortgage interest rate trends and what causes them to fluctuate.
Loan Love's video hostess begins by bringing viewers up to speed on mortgage rates today: "First, they were up, then they were down, and now they're headed back up again. No, we're not talking about this season's hemlines. We're talking about mortgage rates. And unless you've been hiding under a rock for the past couple of weeks or you have absolutely zero interest in financial news, you've undoubtedly heard about how mortgage rates have been spiking upward. Today's news is no different. 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."
Regardless of the upcoming rise in interest rates, Loan Love is here to help readers with their many insightful articles and innovative tools that can help borrowers dwindle their loan options to the right loan for their specified mortgage situation. The tools themselves can aid those who seeking to apply for a loan, but are holding back in favor of waiting for rates to go down, to lock in today's rates before they get a chance of getting higher. A Loan Love article directly linked from the video explains more on these shifting interest rates:
"Today's interest rates are nothing new- in reality, rates are still near rock bottom if you took an average of the past 15 years. If you haven't guessed by now, they're definitely going up. And going up fast. Act quickly if you're looking to acquire or sell real estate, time is against you (at least in the short run)."
While this news might be foreboding to many loan borrowers, Loan Love intends that the news shouldn't frighten future loan applicants. The smart choice for borrowers to do is to not be hasty with their loan shopping. Rather, taking time to probe around and thoroughly analyze each of their loan options until they are certain they have the perfect loan product and lender for their financing needs would be the best solution. The video ends by saying: , "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. And, if you're one of those people who believes that misery loves company, you can read more about some other financial ups and downs that have sent the world's investors into tailspins by (reading the article on LoanLove.com)"
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