Interest Rates Still Rising: New Loan Love Video Explains Why
SAN DIEGO, July 18, 2013 /PRNewswire-iReach/ -- LoanLove.com, a website with 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, helps answer the question "Why are interest rates still rising?" in a newly posted video. 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. To fulfill this goal LoanLove.com is continually updating their website with new articles and guides. This recent video explains the three biggest indicators of whether rates will go up or down, and gives advice to borrowers on how to best proceed with their home purchase or refinance plans.
The video explains:
"If you have been watching any financial news at all you've probably noticed interest rates climbing like crazy lately and you're probably wondering – will interest rates keep going up or will they go down? The short answer and most probably scenario is – Yes, rates will keep going up and here's why:
Three of the biggest indicators that affect interest rates are the GDP, (or Gross Domestic Product), CPI (Consumer Price Index) and Payroll Employment. Without getting too technical (just to understand the big picture) I'll save you the headache of learning macroeconomics. The big picture is this: All of this alphabet soup – GDP, CPI and PE (or Payroll Employment) – are indicators of how well our economy is doing. All three of these indicators are tied to inflation and when the Federal Reserve expects inflation they raise interest rates. When our economy is stagnant they lower interest rates."
The experts at Loan Love have been warning their readers and viewers of the rising trend in interest rates so that they will be able to make the best decisions and lock in their home loan or refinance rates as soon as possible. While these rates are mostly expected to rise at a steady pace, last month's quick rise in mortgage interest rates proves that really anything can happen when it comes to the economy, so those who are considering making a move when it comes to a home loan should act quickly if they wish to avail of the best interest rates over the life of their loan. By being aware of how these three indicators (GDP, CPI and PE) affect mortgage interest rates, home loan borrowers will have a better idea of how rates will shift in the future and they will understand why the experts are advising home buyers and owners to lock in their rates now.
The Loan Love video end by saying: "So, what does all this mean? Well, if you're interested in buying or refinancing a home, time is of the essence. All signs indicate interest rates will keep going up as the U.S. economy strengthens and threats of inflation increase. In other words, delaying your purchase or refinance can easily cost you thousands of dollars over the life of your loan. Lock in your interest rate today and you'll be glad that you did."
For more information and advice, please visit LoanLove.com.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
More by this Source
Conventional Vs. Conforming Loans: Loan Love Explains The Difference In A New Guide
Dec 05, 2013, 11:41 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.