Home Loan Interest Rate Trends Explained In A Newly Posted Loan Love Video
SAN DIEGO, July 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. A recently posted video from LoanLove.com can help borrowers to understand the current home loan interest rate trends so that they will be able to make the best decision when it comes to locking in their loan rate.
The new Loan Love video, hosted by a lively young lady, comes with the usual Loan Love style. The video host introduces herself then quickly goes on to say: "I'm here to talk about interest rates and, no, not my interest rate in shoes, although that IS also a very big topic that can be covered." LoanLove.com is known for its light and informal writing style, while still maintaining a high level of detail and quality of information, and the video takes the same approach: providing solid information for borrowers, in an easy to understand and non-stuffy format.
The video goes on to explain: "Now, seriously, the real question is – will interest rates go up or down? The answer to that question hides in three different indicators. The first one is GDP (aka Gross Domestic Product). It reflects the dollar amount of all goods and services that were produced and sold by companies located in the U.S. in that time. Statistically, the economy grows about 2.6 percent per year, which causes interest rates to rise. The second one is CPI, the Consumer Price Index. A high CPI equals high interest rates and vice versa – low CPI = low interest rates. The last one is Payroll Employment, and again higher numbers can cause interest rates to rise and lower numbers to fall."
Interest rates have been consistently rising, following the path of these three solid predictors of interest rate movement. Those who have been following the financial news will have noticed this trend of national interest rate increases, and many of them will have locked in their home purchase or refinance rates already. Those who have not done so yet would be well advised to take advantage of the current rates before they rise any higher. LoanLove.com provides borrower advice on all sorts of topics that affect home loan rates, home prices, credit scores and other aspects of finding the best mortgage. Those who are interested in learning more about these three indicators can simply visit the "Interest Rates" category on the website's main page.
The video ends with the host saying: "These are consistent indicators, unlike my interest in men, so you should probably keep an eye on them!"
For more information on these indicators, please visit LoanLove.com.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, email@example.com
News distributed by PR Newswire iReach: https://ireach.prnewswire.com