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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 increase 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:

"The market has convinced itself that inflation pressures subsided, but the members of the Federal Open Market Committee insist otherwise. Advantage: Fed. Mortgage rates will move higher in response"

If you shopping for mortgages and the idea of not having a rate lock commitment makes you nervous -- regardless of my predictions -- I recommend that you go ahead and lock in your rate.  There is just too much financial risk in floating a mortgage interest rate -- especially given the volatile nature of the markets.

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