Lowest Mortgage Interest Rates In Two Months Can Now Be Found With LoanLove's Live Rate Quote Tool

SAN DIEGO, Sept. 25, 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. The many new innovative features on LoanLove.com can provide customers with the means to find the lowest mortgage interest rates available, such as using their live rate quote tool. The convenience of the live rate quote tool is especially handy as of the moment with the recent decrease in interest rates after an announcement made from the Fed concerning their bond purchasing program.

To the relief of many loan borrowers and mortgage analysts, the news that the Fed will not be decreasing its purchases of treasuries and mortgage backed securities at this time served as a huge shocker for many. It was originally believed that the Fed would cut of all spending to their bond purchasing program real soon, a program designed to sustain the low mortgage interest rates many borrowers were experiencing the months prior to June. However, the new announcement has made it clear that the budget cuts are not expected to happen until next year, allowing the markets to ease up on mortgage interest rates, at least for now. As a recent report from Mortgage News Daily says:

"After only being able to claim 6-week lows yesterday, today's rate sheets are the best in at least 2 months (very close to 3 months).   Conforming, 30yr Fixed rates are now down to 4.375% for most efficient combination of closing costs and rate (best-execution) though several lenders have attractive buydowns to 4.25%. With each passing day, we have more and more confirmation that the FOMC announcement and most recent Employment Situation Report marked and confirmed at least a short term turning point for interest rates.  This is the consolidation/correction that we'd been hoping for, and we're now a day or two into it."

However, if there is anything Loan Love cautions to loan borrowers, it's to not get too contented with the current state of low mortgage interest rates. The state of mortgage rates many changed, and it is advised from getting comfortable too soon as the rates may well be affected by upcoming economic reports in the months to come. If these economic reports begin to show signs of strong economic growth, it may well be possible that the Federal Reserve will consider going through with their plans to taper spending on their program earlier. It is imperative to remember that low mortgage rates come and go, so knowing what options are available now by doing a little research on loan products can go a long way in find the best mortgage loan for a given financial situation.

The live rate quote tool on LoanLove.com is one of the few ways a loan borrower can find the perfect mortgage loan that suits them. The tool allows for fast comparison between loan products to find the most suitable loan product based on desired financial requirements. A readily accessible guide is provided on the same web page as the live rate quote tool that goes into detail about the tool while giving tips to loan borrowers on the key factors one should look for when comparing rates so that they may be assured that they are getting the best mortgage deal that will help save cash over a long period of time.

To learn more on mortgage interest rate comparison and to find the lowest rates available in real time, please visit LoanLove.com and check out the live rate quote tool.

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

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SOURCE LoanLove.com