SOURCE: Informa Research Services, Inc.

Informa Research Services, Inc.

January 08, 2010 13:49 ET

Mortgage Rates Remain Steady This Week, Says Informa Research Services

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.

Contact Information

  • Contact:
    James Royal
    Phone 818-880-8877
    Fax 818-880-2069
    26565 Agoura Road, Suite 300
    Calabasas, California 91302-1942