Mortgage Interest Rates Decline - LoanLove.com Supports Loan Borrowers With Their Live Rate Quote Tool

SAN DIEGO, Sept. 26, 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. There are now many new featured tools that customers can utilize on Loan Love website, including their useful live rate quote tool. Many loan borrowers today may find the live rate quote tool practical as mortgage increase rates decline after a new announcement from the Federal Reserve stating that it will not be cutting off its budgeting to their bond purchasing program.

The new announcement from the Federal Reserve shocked many mortgage industry analysts, as original expectations feared for the worst: When the Federal Reserve stated previously that they will be cutting back on support for their bond purchasing program that was designed to keep low mortgage interest rates afloat, the market rapidly responded to the announcement. As a result, interest rates started rising again to make ends meet. Many loan borrowers were relieved to discover that the new announcement claims that the Fed will not be cutting back on their bond purchasing program just yet, at least for the time being thus allowing the market to lower their interest rates yet again. A recent report from Mortgage News Daily had this to say:

"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."

Loan Love although warns loan borrowers to not get hopeful with the prospect as the history or mortgage interest rates has shown. Any given signs of strong economical growth may hasten the Federal Reserve's plan to taper spending on their bond purchasing program and in turn, change the pacing of these interest rates. Loan borrowers should keep in mind that low mortgage interest rates may be gone before many customers will realize it. Knowing beforehand the options available and finding the best loan products now can help many loan borrowers benefit from these recent low mortgage rates.

The live rate quote tool at LoanLove.com is one the few ways that can help loan borrowers do this. The user-friendly tool allows borrowers to request dozens of loan options for their desirable financial requirements. The live rate quote also comes with an instructional guide on the same web page that provides pro-tips on what loan borrowers should particularly look for when comparing and finding the best mortgage loan products that will give them the benefit of saving the most of their money over the course of the loan.

For more information on live rate quote tool and the recent mortgage interest rates decline, please visit LoanLove.com.

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

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SOURCE LoanLove.com