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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.
As a reminder:
Anyway, on to the group's predictions for the next 30 days:
I am predicting that rates will remain unchanged 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:
"Rates will be volatile, but the medium-term trend is unchanged."
I don't think it's possible to understate just how quickly mortgage rates have moved lately. If you've got no frame of reference:
Mortgage rates are going from 0-to-crazy in less time than it takes Brett Myers to take a 10-pitch walk off CC Sabathia.
Over the next few months, mortgage rates will be all over the place. Some days up, some day down, but overall unchanged. To know what's happening now, get your near-real time market updates from me @mortgagereports on Twitter.
Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator click to get a free, no-obligation rate quote.
You can also find Dan on Twitter and Google+.
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