Minor Increase In Interest Rates - Loan Borrowers Can Find The Lowest Home Loan Rates Using Loan Love's Live Rate Quote Tool

SAN DIEGO, Oct. 2, 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 Loan Love website offers many new innovative tools to help those in need of searching for the best home loans that is right for their financial position. One of these many new tools includes the live rate quote tool, which is designed to help loan borrowers seek out dozens of different home loan and compares them by giving the details on the interest rates and specified financial requirements. This tool can be especially beneficial at the moment with the minor increase in interest rates that happened recently, which has marked predictions for more upcoming increases in mortgage rates. Home loan borrowers should make the best of these loan rates by securing a loan as soon as they can.

A new article from Mortgage News Daily dated September 30th reads: "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."

Fortunately as the article reports, the increase in interest rates was only a minor bump; interest rates are still at the same relative lows they have been at for a very long time. The experts at Loan Love recommends that home loan buyers seeking to buy a home or need help financing a current mortgage loan to act sooner than later when locking in a low interest rate. Although the interest rates have shifted only by a small margin, this shift in interest rates can be the first of many in the weeks and months to come. Instead of allowing the risk to take effect, Loan Love advises readers to act now before losing an opportunity for these low interest rates.

There are many ways to proceed with starting a home loan plan, and Loan Love's live rate quote tool is one of these ways. Using the live rate quote tool, loan borrowers can view dozens of viable loan deals designated to fit their mortgage loan requirements. The live rate quote tool gives borrowers the option to arrange their search results by categories and criteria, making loan rate searching faster and easier. The live rate quote tool is available itself on the LoanLove.com website and only requires the basic info of a loan a future home loan borrower would be interested in taking out.

Alongside the live rate quote tool are many how-to guides when it comes to home mortgage loans and an assortment of other features such as their mortgage calculators. For more information on looking for the best mortgage loan rates and to take advantage of their free live rate quote tool and mortgage calculators, please visit LoanLove.com.

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

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SOURCE LoanLove.com