SAN DIEGO, June 18, 2014 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that has become a trusted destination for current news and expert loan advice. The website strives to empower borrowers with first class knowledge, valuable resources and connections to the top rated industry professionals. Loan borrowers can count on Loan Love to bring in the most recent mortgage rate news such as through their new article titled "Mortgage Interest Rates Last 30 Days (Valuable Insights)." Loan borrowers need not worry anymore about scrambling with their own predictions of where mortgage interest rates will go as the new Loan Love article pinpoints where these rates are likely headed while in the short-term and long-term.
Loan Love begins by reaffirming their predictions on mortgage interest rates before: the short-term rates are here to stay, at least for the time being. Loan Love anticipates that short-term rates are not expected to change anytime soon, at least with the Federal Reserve not tightening conditions as of yet. Although the Feds aren't likely to change anything as of yet, at least until spring 2015 according to analysts, there will likely be gradual changes to long-term rates. With the global economy shifting, long-term rates are expected to increase slightly. Loan Love says more on this with the following:"
Most predictions are for long-term rates to increase gradually as the global economy continues to show improvement, and the increase is more likely to come as a series of jumps and plateaus than as a gradual climb.
So, what does this mean for mortgage rates in particular? Long-term mortgage rates are still likely to creep up to around the 6 percent mark as 2015 draws to a close, but don't expect that to shake the housing market or the economy in general.
That type of increase in rates is a natural reaction to stronger economic growth, not a sign of trouble brewing elsewhere that is then impacting rates. As the economy continues to expand, a bit of slow down via higher rates is to be expected."
Mortgage interest rates gained notable attention within the last 30 days, starting during the second half of May when market analysts saw mortgage rates dipping continuously lower, until they reached an all time low of 4.12 percent. The reason behind these bond rates can be contributed to two main factors as the experts at Loan Love believe – disturbance on the market on a global scale and the weakening of the domestic market as a whole. Loan Love depicts this further in the article:
"Slower economic growth in China and unrest in the Ukraine are expected to continue impacting Treasury debt for the near term, pushing yields downward and dragging mortgage rates with them. Today's rates are still significantly higher than May 2013 when the 30-year rate dropped all the way down to 3.35 percent.
Continued low rates spell good news for homebuyers, and consequently continued strengthening of the housing market. But that doesn't mean potential buyers aren't still being impacted by stricter lending practices. Those with lower credit scores or other blemishes on their credit report are often still locked out from enjoying the benefits of today's low mortgage rates."
To learn more on the changes of mortgage interest rates within the last 30 days, please visit LoanLove.com for the complete article.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
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- Interest Rates