SOURCE: Informa Research Services, Inc.

Informa Research Services, Inc.

May 27, 2011 12:21 ET

This Memorial Day, Find the Best Deals on Mortgage Rates Online, Says Informa Research Services

CALABASAS, CA--(Marketwire - May 27, 2011) - Many items such as cars, appliances, and televisions will be on sale this weekend, but one big ticket item that won't be discounted is a home. While there is no such thing as a Memorial Day mortgage rate sale, there are useful online resources that can make homebuyers feel like they scored a deal on their home purchase! Informa Research Services, a subsidiary of Informa plc (LSE: INF), suggests that consumers check online comparison tables to find the lowest mortgage rate to finance buying a home.

Websites such as ERATE.com offer convenient rate tables that feature some of the nation's best rates. The rates on these tables are frequently noticeably lower than the current national average, which resides at 4.81% according to Informa Research Services' Interest Rate Review.

In addition to making low rates easy to find, consumers can also sort the results found on these tables to narrow down their mortgage rate search by a number of various home loan characteristics, such as estimated monthly mortgage payment, APR, points, and fees. These loan features may help consumers decide which loan is best for their financial situation.

Finding a low rate mortgage can save consumers thousands of dollars on the purchase of their home. Even though mortgages don't really go on sale, checking online rate tables regularly can make you feel like you got a great discount on your home loan!

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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.