According to Informa Research Services, a subsidiary of Informa plc
(LSE: INF), the national average rate on a 30-year fixed mortgage loan
remains steady at a scant 5.18%. With rates hovering so low, consumers
may want to consider refinancing their home loan depending on their
current mortgage (http://www.freerateupdate.com).
By refinancing their mortgage, consumers can save money immediately by
lowering their monthly mortgage payment as long as the refinanced
mortgage carries with it a lower APR. For instance, if a consumer is
paying 6.000% on their current mortgage and they are able to refinance
it with a loan with an APR of just 4.750%, for a $200,000 loan,
consumers can save over $150 a month! Over the course of a year, this
quickly accumulates to nearly $2,000!
To find the lowest refinancing rates currently available, refer to the
rate tables featured on FreeRateUpdate.com.
By using their regularly updated tables and their search filters,
consumers can quickly locate the lowest rates available and start saving
money on their mortgage. In addition to having convenient search
features, these tables feature reputable lenders, such as AimLoan.com,
who offer rates well below the already-low national average.
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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.
Informa Research Services, Inc.
James Royal, 818-880-8877
Fax
818-880-2069