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Score Low Mortgage Rates Online, According to Informa Research Services

^{Published on 2009-12-31 08:40:16 - Market Wire}
 

CALABASAS, CA--(Marketwire - December 31, 2009) - The Wall Street Journal recently reported that while retail sales remained relatively flat this year, online sales grew 4% since 2008 stating "price and convenience" as major factors in this growth. Informa Research Services, a subsidiary of Informa plc (LSE: INF), reminds consumers that online shopping doesn't have to be relegated to just books, CDs, and clothes; the Internet is one of the best places to find rates on mortgages this season ([ http://realestate.yahoo.com/loans ]).

Like shopping for gifts, the Internet allows consumers to quickly compare a number of products at the click of a mouse. Many times, the deals found online can save consumers a lot of money. Mortgages are no exception.

With the current national average on a conforming 30-year fixed rate mortgage (FRM) at 5.33%, it comes as no surprise that many of the lenders that populate these online tables, such as those found on [ Yahoo! Real Estate ], offer low rates. Moreover, these lenders frequently offer rates well below the average. For instance, [ AimLoan.com ] is offering rates as low as 4.625% on a 30-year conforming FRM.

Furthermore, [ Bank of America's ] refinance rates are competitive and can save a homeowner a formidable amount of money in the long run if they have a mortgage at a much higher rate. Because rates are low, this might be a good time to consider refinancing your current home loan for one at a lower rate. [ Find current rates available in your area ].

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, mystery shop, and decision-support information.