SOURCE: Informa Research Services, Inc.

Informa Research Services, Inc.

December 31, 2009 11:34 ET

Score Low Mortgage Rates Online, According to Informa Research Services

Shopping Online Can Yield Great Deals on Mortgages

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.

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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