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Mortgage Averages up Slightly From Last Week, According to Informa Research Services

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^{Published in Science and Technology on Tuesday, December 22nd 2009 at 16:00 GMT by Market Wire}  

CALABASAS, CA--(Marketwire - December 22, 2009) - After weeks of floating closer and closer to five percent, the national average rate on a 30-year fixed conforming mortgage increased slightly this week from 5.06% last week to 5.14%, according to Informa Research Services' weekly survey of interest rates. While the average remains low, there are far lower rates available to qualified borrowers. Informa Research Services, a subsidiary of Informa plc (LSE: INF) suggests looking to online tables to find the best deals ([ http://realestate.yahoo.com/California/Los_Angeles ]).

Checking online rates tables, like those found on [ Yahoo! Real Estate ], can help consumers discover lenders with rates below the national average. For instance, all of the 30-year fixed rates currently posted by [ AimLoan ] are well below the national average.

Furthermore, unlike some sites, these online resources require only minimal information to retrieve mortgage rates to fit your unique situation. Usually, the only information needed to see what low rates you may qualify for is loan amount, property value, and location of the property.

Permission is granted to reprint this release in part or in its entirety as long as source credit is properly listed.

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.