|By PR Newswire||
|October 4, 2013 01:48 PM EDT||
SAN DIEGO, Oct. 4, 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. Loan Love continues to offer the latest in today's interest rate news with their many video guides and articles. A brand new informative video recently released from the official website helps loan borrowers understand the ongoing trends in today's real estate market by bringing to light on the many changes in mortgage industry, such as interest rates spiraling up and down. The Loan Love video offers loan borrowers ways to help prepare for the instability happening with mortgage interest rates as of now.
The video, with the title "Today's Interest Rates Spike Upward (Roller Coaster Ride Continues…)" begins with the hostess explaining on interest rate trends lately: "…unless you've been hiding under a rock for the past couple of weeks or you have absolutely zero interest in financial news, you've undoubtedly heard about how mortgage rates have been spiking upward. Today's news is no different. Given that the recent historic low interest rates were being propped up by a federal government program, an adjustment in those rates -- that is, getting them back to normal levels -- was inevitable. And chances are pretty good that rates are going to go up even more before they finally find their magic "sticking point." The main thing to remember is to stay calm and shop smart: there are more mortgage options than ever before, and that means you still have time to get a mortgage that saves you lots of money."
While the rise of interest rates are apparent, the hostess continues by explaining this increase in interest rates should be no cause for alarm. Interest rates have always shown time after time to fluctuate with changes in the market, and with interest rates still being relatively low, loan borrowers can seize the moment to still make use of these low mortgage interest rates. The Loan Love article attached to the video gives an example of one of the many times few times interest rates have changed drastically, such as the housing bubble burst a few years back.
The article further explains what loan borrowers can salvage from these interest rate trends : "First, it's true, history does repeat itself. And knowing that, we can be a little bit smarter when we shop for mortgages or other investments. So, the next time you see housing prices or mortgage rates (or tulip bulb prices) spiral upward or downward, take a breath before plunging in; while it's easy to get sucked into the buying frenzy, it's much wiser to look at the broader picture so you can, hopefully, spot the signs that can spell disaster – or opportunity."
So while loan borrowers may not always be able to get more a than desirable mortgage rate, Loan Love points out that by researching and doing background checks on mortgage interest rate adjustments and incentives can help loan borrowers save the trouble and hassle later on through the course of their loan period. For more on the video and the attached article, please visit LoanLove.com.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com