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.
As a reminder:
Anyway, on to the group's predictions for the next 30 days:
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:
"Investors ditch bonds for stocks."
Lately, stocks prices and bond prices have been a study in opposites. As one moves higher, the other moves lower. This is because investors are uncertain about the economy, alternatively (and feverishly) seeking one of two options:
For now, though, because of worldwide, coordinated government intervention, the stock market is back in favor. This is drawing money away from the bond market which, in turn, causes conforming mortgage rates to rise.
The ride will be bumpy, but rates should higher over the near-term.
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.
