Mortgage Rates at a Standstill as Economic Uncertainty Continues - LoanLove.com Offers Guidance For Home Loan Borrowers Faced With the Challenges of the Situation
San Diego, CA, Oct 06, 2013 (PRWeb.com via COMTEX) --
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. Loan Love also provides many useful tools that can help those who are trying to find the best home loans. One of these is the live rate quote tool, which provides borrowers with the best mortgage interest rates available for their specific mortgage scenario. This is especially useful right now, as there is much uncertainty about where mortgage rates will head after data comes back from the upcoming jobs report.
This uncertainty about mortgage interest rates is aggravated by the fact that the recent government shut down could delay the release of this report. As an article from Mortgage News Daily, posted October 2nd, explains: "Mortgage rates were flat to slightly lower today, depending on the lender. Taken together with the previous three days, it would be more than fair to say rates have gone dead flat since bottoming out on Friday. Uncertainty is a major factor in the lack of movement, not necessarily because of the government shutdown itself, but because the shutdown may prevent traders from reacting to the big jobs report scheduled for Friday. It is, as yet, unclear whether or not the jobs numbers will be released if the shutdown ends before Friday morning. Conforming 30yr Fixed rates remain most efficient (best-execution) at 4.25% though some lenders have attractive buydowns to 4.125% while others remain at 4.375%."
As the above quote explains, it is not really the shutdown which is affecting rates (in fact, a weaker economy usually translates to better interest rates) but the delay of the jobs report. Because of the uncertainty, however, many loan borrowers will undoubtedly want to play it safe and apply for their loans now before rates have a chance to go back up again. Loan Love provides an easy way for them to do this with their live rate quote tool.
This feature of Loan Love's website allows borrowers to view dozens of the best loan deals that fit their specific mortgage requirements. The live quote tool allows borrowers to sort their search results by a number of different criteria, which makes comparing each option much easier. Those who want to use this tool simply need to visit the website and enter some very basic info about the loan that they would like to take out; the live rate quote tool does all the rest.
Those who would like to utilize this tool, as well as benefit from the many other helpful features and articles that Loan Love offers, can click here to visit LoanLove.com.
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