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I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available.

I am predicting that rates will decrease over the next 30 days, but that doesn't mean you should necessarily follow my advice when choosing whether to lock a rate, or float it.  My advice may not be appropriate for your individual situation.

From the Bankrate.com survey:

"Beginning June 30, doubts will again resurface about whether the fed funds rate will stop raising rates, creating uncertainty. As soon as traders start asking, 'Will the Fed finally pause?' mortgage rates will head lower. Don't expect that window to last long, however. Firmer opinions on the Fed will form by July 15, pushing rates back up."

If you are currently on the fence about locking, I'd say that you do it.  There is just too much risk to float -- especially given the volatile nature of mortgage interest rates. 

Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.