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Mortgage Rates Remain Steady This Week, Says Informa Research Services

^{Published on 2010-01-08 11:00:19 - Market Wire}
 

CALABASAS, CA--(Marketwire - January 8, 2010) - After months of remaining low, mortgage rates began to rise slowly during the closing weeks of 2009. However, according to the Informa Research Services, a subsidiary of Informa plc (LSE: INF), this week, rates held steady for the second week in a row with the national average rate on a 30-year fixed mortgage at 5.33% ([ http://www.freerateupdate.com/local-mortgage-rate-search ]).

-- Mortgage Rates: Up or Down?

It is hard to say if rates will continue to see a steady rise continuing into 2010, but competitive rates are still currently available. Some of the best rates are well below the current national average. For instance, [ AimLoan.com ] offers rates as low as 4.875% on a 30-year fixed mortgage; by paying points, this rate can drop as low as 4.625%.

-- Low Rates: Where to Find Them

The most efficient way to compare rates is to look online. Rate comparison tables, such as those found on [ FreeRateUpdate.com ], compile rates currently offered by various lenders on a single table so it becomes easy to see which lenders offer the best deals.

The best way to get a low rate on your mortgage is to monitor rates on a regular basis, and the most convenient way to do this is by quickly checking [ online rate tables ]. After doing this for a few weeks, it will become clear when rates begin to move.

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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.