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Mortgage Rates Keep Slipping Lower, Reports Informa Research Services

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  Published in Science and Technology on Friday, December 4th 2009 at 13:35 GMT by Market Wire
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CALABASAS, CA--(Marketwire - December 4, 2009) - Mortgage rates have remained low for a number of months now, but this week, the national average annual percentage rate (APR) on a 30-year fixed $200,000 loan inched down to 5.01% according to the Interest Rate Review, published weekly by Informa Research Services, a subsidiary of Informa plc (LSE: INF). But how much longer will rates continue to slip? ([ http://www.erate.com ])

It's difficult to say when mortgage rates will stop their decline. Shoppers should check rates routinely and keep an eye on national averages. The easiest way for shoppers to survey rates regularly is to go to online rate tables, such as those found at ERate.com. By [ searching for mortgage rates online ], consumers can quickly compare the available rates offered by lenders in their area.

In addition to being able to compare mortgage rates from various lenders, the rates that fill these tables may be much lower than those offered elsewhere. Eleven of the twelve lenders featured on [ ERate's California 30-year fixed mortgage rate table ] offered rates below the current national average. For example, AimLoan is offering a 30-year fixed mortgage at a rate of just 4.625% with an APR of 4.740%. This rate offering from AimLoan is 0.270% lower than the national average APR.

Keep an eye on rates to find the best possible deal on your home loan, and the easiest way is through online rate tables.

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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 and decision-support information.