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Mortgage Rates Up This Week: 30 Year Mortgage Rates at 5.14%

After weeks of floating closer and closer to 5 percent, the national average rate on a 30-year fixed conforming mortgage increased slightly this week from 5.06% last week to 5.14%, according to Informa Research Services’ weekly survey of interest rates.

While the average remains low, there are far lower rates available to qualified borrowers. Informa Research Services, a subsidiary of Informa plc (LSE: INF) suggests looking to online tables to find the best deals.



Checking online rates tables, like those found on MonitorBankRates.com can help consumers discover lenders with rates below the national average. For instance, all of the 30-year fixed rates currently posted by AimLoan are well below the national average.

Furthermore, unlike some sites, these online resources require only minimal information to retrieve mortgage rates to fit your unique situation. Usually, the only information needed to see what low rates you may qualify for is loan amount, property value, and location of the property.
 
Author: Brian McKay
December 23rd, 2009