Mortgage rates drop to 4.19%
Source: Informa Research Services
(12/16/2011) This week, mortgage rates fell significantly after staying relatively stagnant for the past month or so. Â According to Informa Research Services, the national average rate on 30 year fixed rate mortgages dropped to 4.19% this week. Â To find the best rates offered by lenders in your region, Informa Research Services suggests consumers check online rate tables regularly.
While the national average is very low, because it is an average, this indicates to any savvy rate shopper that there are rates both above and below this figure. Â Depending on the properly location and loan amount, many qualified borrowers will be able to find rates well below 4.19%, but this is a good benchmark to work from.
Consumers can use their computers and even their smartphones to search for rates. Â For example, ERATE.com not only offers a full website, but they also have a rate searching iPhone app and for those Twitter users out there, they regularly tweet their rates on Twitter as well. Â Best of all, to access the most current rates, no personal information is required.
ERATE.com has made rate shopping easier than ever, so prospective homeowners have no excuses for not locking in the best possible rate!
