PRESS RELEASE: Grill Up Healthy Finances This Fourth of July, Says Informa Research Services

29th Jun 2010 23:56

CALABASAS, Calif.--(BUSINESS WIRE)--June 29, 2010-- The fourth of July is right around the corner and grilling season is in full swing! While the grill may be a seasonal cooking tool for some, keeping your personal finances perfectly tuned is always in season. Here are some tips from Informa Research Services, a subsidiary of Informa plc (LSE: INF), to help consumers from burning through their money this summer (http://www.realtytrac.com/finance/). Refinance to a low mortgage rate for direct savings With rates at their lowest in years, some homeowners could benefit considerably by refinancing their current mortgage to one with a lower interest rate. Look at online mortgage rate comparison tables, like the ones found on RealtyTrac.com, to find the best local mortgage rates. These tables frequently feature lenders such as AimLoan.com who offer mortgage rates frequently below the current national average. For instance, the national average rate on a 30-year fixed rate mortgage currently sits at a low 4.82%, according to the Informa Research Services' Interest Rate Review. AimLoan.com is currently offering a 30-year fixed rate mortgage rate of just 4.500% (with no points). Search online for sizzling savings rates Everyone knows saving money is a good idea, but many forget they can be earning a little bit extra just by leaving their money in a high yield savings account. While savings accounts aren't boasting record yields as of late, good rates can be found by shopping online. For the highest earning yields, savers can look to short term certificates of deposit (CDs), money market accounts, and even promotional rates offered by financial institutions. Short term CDs and money market accounts allow consumers to maintain financial flexibility while still taking advantage of higher rates. Promotional rates are also a great way to get a better APY; however, be aware of the conditions required to earn the promotional rate. By following these simple tips, you'll quickly find you've lit your finances on fire and burned through your debt. Follow Informa Research Services on Twitter (@InformaResearch). Become a fan of Informa Research Services on Facebook Permission is granted to reprint this release in part or in its entirety as long as source credit is properly listed. 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: Informa Research Services James Royal Phone 818-880-8877 Fax 818-880-2069 SOURCE: Informa Research Services Copyright Business Wire 2010 (END) Dow Jones Newswires June 29, 2010 18:56 ET (22:56 GMT)