SOURCE: Informa Research Services, Inc.

Informa Research Services, Inc.

February 28, 2011 19:03 ET

Mortgage Rates Waver Slightly, but Stay Relatively Low, According to Informa Research Services

CALABASAS, CA--(Marketwire - February 28, 2011) -  According to Informa Research Services, the national average rate on 30 year fixed rate mortgages returned to 5.13% this week after nudging higher last week at 5.2%. While rates appear to be continuing their upward trend, it is difficult to say precisely where rates are heading and when they will change. Nonetheless, Informa Research Services suggests educated consumers research mortgage rates online before deciding how to finance their home purchase.

The internet provides a multitude of information for potential homebuyers. However, one of the most useful tools on the web may be online rate comparison tables. These tables are updated multiple times a day and are free of charge to use. These tables require only an estimated loan amount and the state in which the property is located. Also, these rate tables require absolutely no personal information from users.

In addition to helping consumers find the lowest local rates, checking these rate tables regularly can also help consumers differentiate what rates are just average in the given rate environment and which are truly a bargain. Rates are constantly on the move and it is nearly impossible to predict where they will be in the future. Learning to watch and read rate trends is a very important step in finding the best home financing deal.

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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.