Mortgage Interest Rates Today - A Pro Tip Guide Offered From LoanLove.com
SAN DIEGO, Sept. 3, 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 most recent information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Loan Love is always there to support loan borrowers with all their questions, and with the foreboding news on mortgage interest rates today, it is no different. To help loan borrowers prepare themselves Loan Love has provided a new advice article titled "Today's Interest Rates Spike Upward (Roller Coaster Ride Continues…)" bringing forth possible future trends loan borrowers may face in the months to come.
The forecast for where mortgage interest rates will go isn't always unpredictable. A keen example would be the recent United States housing bubble burst. When homes became too pricey for the average home buyer and unrealistic mortgage loans were being passed by lenders, it came off as no surprise when the housing market took a hit and spiraled downwards. For some home buyers however, this served as a window of opportunity:
"But while some people got stuck with a lemon – like an inflated mortgage that left them owing more than their home was actually worth – other people watched as the economy began to spiral downward and waited for the adjustments and incentives that would surely follow. You can guess which group came out on top" the Loan Love article points outs.
Knowing where the mortgage industry trends will go can help save loan borrowers from disaster, it's just a matter of tracing the signs. In the hindsight, these warning signs may have been missed because the lure of a loan offer can be appealing at first glance. This is where loans can become iffy; Loan Love suggests that loan borrowers stay wary of the warning signs when the housing market will take a hit. The article provides a clear example of how drastic these market bubbles can be, and not just to housing bubbles. As the article emphasizes:
"Bubbles are nothing new; there have been quite a few in the U.S. since the first group of traders gathered under a buttonwood tree on Wall Street in 1792 (the New York Stock & Exchange Board was formed 25 years later). And actually, for a lot longer than that: Way back in the 17 th century, there was a tulip bubble – yes, a tulip bubble – where tulip prices soared to such heights, a single bulb could cost a skilled craftsman more than 10 times his annual income. TEN TIMES! For a FLOWER BULB!"
So what exactly can loan borrowers do to prevent such a financial blunder on their part? A pro tip Loan Love provides is that before taking a dive into mortgage loans is to observe all the angles; Checking the rise and drops in house pricing and mortgage rates will ultimately be the wiser choice and protect a loan borrower from financial harm. In the end, taking time to look at the bigger picture will help in finding the warning signs instead of taking a dive into a buying frenzy.
On a last note, the Loan Love article states interest rates are almost guaranteed to climb, but loan borrowers can still experience the generally low interest rates as of now. But the article also cautions that these rates are climbing day by day. It is recommended for home buyers to strike while the iron is hot and acquire real estate now before waiting for it to be too late.
To learn more on mortgage interest rates today, please visit LoanLove.com for the full article.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
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