LendingTree Launches Free Mortgage Rate Alert - Lets You Know the Moment Rates are Right for You

Receive emails when rates reach your target

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Mar 29, 2010, 10:58 ET

CHARLOTTE, N.C., March 29 /PRNewswire/ -- LendingTree, the online lender exchange that has already helped more than 27 million customers get the right loans, today announced the launch of its Mortgage Rate Alert service. The free service takes the legwork and stress out of knowing when the right time is to lock in a mortgage by alerting customers the moment rates drop below their "target point." Rates provided are the lowest current rates from LendingTree's network of lenders. To view the LendingTree Mortgage Rate Alert please visit: www.lendingtree.com/ratealert

"When it comes to mortgage rates, there is often a magic number consumers are looking for before committing to refinancing or purchasing a home. The problem is, with consumers' busy, fast-paced schedules not everyone has time to regularly check rates, and in today's market, rates are incredibly volatile," said Mona Marimow, SVP of Marketing for LendingTree. "With the mortgage rate alert you can stay up-to-date without lifting a finger."

How it works:

The LendingTree Mortgage Rate Alert is a simple, easy and hassle-free service. You simply enter your email address and a target mortgage rate. Then LendingTree emails you when rates hit or drop below your set target. Customers receive a maximum of 1 Mortgage Rate Alert email per week.

About LendingTree, LLC

LendingTree, LLC is the nation's leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more. LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 27 million loan requests and $207 billion in closed loan transactions. LendingTree, LLC is a subsidiary of Tree.com, Inc. (Nasdaq: TREE). For more information go to www.lendingtree.com or 800-555-TREE.

SOURCE LendingTree, LLC