SAN DIEGO, Oct. 3, 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 also provides many useful tools that can help those who are trying to find the best home loans. One of these is the live rate quote tool, which provides borrowers with the best mortgage interest rates available for their specific mortgage scenario. This is especially useful right now, as many potential home loan borrowers rush to lock in the current low rates before they get higher again.
As an article from Mortgage News Daily reports: "Mortgage rates rose very slightly today for the first time in 3 weeks. The difference in rate sheets compared to Friday's latest was minimal, and some lenders were actually slightly better today. Despite the minimal rise, this technically ends an impressive streak of 13 straight days without moving higher. The average 30yr fixed rate was 4.75% when the streak began and now stands at 4.25% (best-execution) for conforming, 30yr Fixed loans. With the exception of Friday, today's rate sheets are the best since June 19th for most lenders."
This slight increase could signify that rates have bottomed out and are not likely to get any lower, or it could even mean that the trend is turning around and rates may start going up again. In any case, it would be wise for those who have plans of buying a house or refinancing their current mortgage to quickly find the lender that best suits their needs so that they can quickly lock in the lower rates that are currently available. Loan Love helps borrowers to do this with the live rate quote tool and their handy guide on mortgage rate comparison.
The guide explains some of the things that loan borrowers should look for when comparing loans, and the rate quote tool provides dozens of the best loan options to compare between. The system allows borrowers to sort through these different loans with a number of different criteria, so that they can easily see how each loan adds up when it comes to the information that matters.
This guide and the live rate quote tool are available free of charge on the Loan Love website and those that wish to utilize them to find the best home loan deals can simply click here to do so.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
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