SOURCE: Informa Research Services, Inc.

Informa Research Services, Inc.

November 19, 2009 18:08 ET

Find Low Rates: Informa Research Services Says Look Online to Find Mortgage Rates Below National Average

CALABASAS, CA--(Marketwire - November 19, 2009) - This week, mortgage rates have taken an unexpected dip with the national average APR on a 30-year fixed $200,000 loan dropping to just 5.08%, down more than a point from 6.15% a year ago according to Informa Research Services' Interest Rate Review. Informa Research Services suggests consumers seeking the lowest rates in their area use online rate tables (http://www.erate.com/).

Online resources, such as ERATE (http://www.erate.com), provide consumers a fast, easy way to compare available loan offers in their area. In addition, many of the lenders who populate these tables, while lesser known, frequently offer rates lower than their larger counterparts. Over 75% of the lenders on ERATE's California 30-year fixed mortgage rate table offered rates below the low current national average. Furthermore, over 80% of the products on this table had APRs below the current national average (5.08%).

Shopping for rates online is an easy way for potential homebuyers to ensure they are getting the best possible rate on their home loan. Rate comparison tables put the best rates right at your fingertips.

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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.

Contact Information

  • Contact:
    James Royal
    Phone 818-880-8877
    Fax 818-880-2069

    26565 Agoura Road, Suite 300
    Calabasas, California 91302-1942