Drop In Home Loan Rates And Loan Love's Live Rate Quote Tool Help Borrowers Find Favorable Home Finance Options

SAN DIEGO, Sept. 30, 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 helpful tools and resources for those looking for their perfect loan. Loan Love helps borrowers to take advantage of the recent drop in home loan rates by allowing them to compare the lowest rate quotes in months on the site's live rate quote tool.

These recent low rates are a relief for many, as rates have been rising ever since June when the Fed announced their proposed plans to scale back on their bonds purchases some time this year. However, this turned around on September 18th, when the Federal Reserve met and decided that they would withhold on making the decision as to when they would start tapering their spending until further notice. This has resulted in a drop in interest rates and an opportunity for more borrowers to seek favorable home financing and refinancing.

A quote from a recent Mortgage News Daily article explains: "Mortgage rates fell noticeably today, keeping alive an impressive streak of 13 days without higher rates.  Three out of those 13 have been 'unchanged,' yesterday being one of them. There was a chance this marked a shift in the positive momentum, but financial markets were quick to get back on the 'lower rates' bandwagon when it began rolling again this morning.  Conforming, 30yr Fixed rates moved down to 4.25%  (best-execution) for most lenders, a level not seen since June 19th. A decent amount of lenders remain at 4.375% while others have reasonable buydowns to 4.125%, depending on your scenario and personal preference. "

As stated, these are the lowest mortgage rates anyone has been able to offer three months. However, there is a chance that rates could go back up again soon, if economic data shows a strengthening in the economy. This is why there are many who are hoping to find the best possible loan terms for their situations now, rather than waiting any longer. Those who would like to find the best rate terms can do so by using Loan Love's live rate quote tool which is available on the website.

The tool allows borrowers to sort through the myriad of loans available online and find the one that perfectly fits their unique mortgage scenario. By inputting their location, desired loan amount and other information, borrowers can instantly get up to date quotes from dozens of lenders in their area and then sort these by various criteria so that they can easily compare them and determine which one is the best fit. The tool is free to use for anyone who visits the site, so potential borrowers can feel free to search by different criteria and do multiple searches until they are sure that they have found the best loan option

For more information on finding low mortgage interest rates, and to use the free live rate quote tool, please visit LoanLove.com.

Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, contact@loanlove.com

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SOURCE LoanLove.com