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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 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.
From the Bankrate.com survey:
"A strengthening U.S. dollar leads mortgage rates lower."
When the dollar gets stronger, mortgage bond repayments are worth more to the people that invest in them and that helps to drive down mortgage rates. I've covered the dollar's relationship to mortgage rates a lot lately and last week I did it in pictures.
The one point worth remembering: mortgage markets are fickle and can change at a moment's notice.
It's like running the Picket Fence -- you don't want to get caught watching the paint dry. Therefore, subscribe to my short-burst market updates for real-time commentary piped right to your mobile phone.
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!
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