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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 (and I was among the minority this week in predicting a fall).

From the Bankrate.com survey:

"After this week's fed funds rate hike, traders are taking a closer look for signals that (1) the U.S economy is slowing down, and (2) that the Fed may be finished raising rates. As is human nature, traders looking for signs of a slowdown are certain to find them. Lower growth expectations will lower mortgage interest rates."

If you are currently on the fence about locking, I'd say that you do it.  There is just too much financial risk in floating -- 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.