Live Rate Quotes
Real Estate Chart of the Day
Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. Click here to get free email alerts, or subscribe to the RSS feed in your browser.
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 'unwelcome developments' continue as CPI races higher again this month. Expect the Fed to put the brakes on the economy, and watch mortgage rates move higher as a result."
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 (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator call 513-443-2020.
Bonus: Click to get a free, no-obligation rate quote. I love to work with my readers!
Since you have reached the end of this post, you may be interested in checking out the related posts below.
