Rates still at historic lows, despite rise at end of 2010
(01/28/2011) CALABASAS,
CALIFORNIA – Despite a slight rise at the end of 2010, mortgage rates are still
historically low according to Informa Research Services’ Interest
Rate Review.
According to the research company’s weekly rate survey, the national average
rate on the traditional 30 year fixed rate home loan was 4.98% this week.
Informa Research Services, a subsidiary of Informa plc (LSE: INF), suggests
consumers turn to online resources to quickly locate the best current rates
(http://www.erate.com/mortgage_rates_search.htm).
The 30
year fixed mortgage national average has hovered around 5% for the past six weeks. Â Nonetheless, it
is difficult to correctly predict where rates will go from here.
Luckily
for consumers, websites such as ERATE.com feature convenient rate comparison tables which are free and easy to use. Â Using
just the property location and an estimated loan amount, these online rate
tables quickly collect and display current rate offers from quality lenders,
such as AimLoan.com.
In
addition to not requiring any personal information to retrieve these rates,
consumers can also use the column headings to sort the results they find by
various loan attributes such as rate, APR, fees, and estimated monthly payment.
This should make choosing the best mortgage a much easier task for prospective
homebuyers.
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About
Informa Research Services, Inc. (www.informars.com) Since
1983, Informa Research Services, Inc., has provided the financial industry's
most extensive array of market research, mystery shop, and decision-support
information.
