Live Rate Quotes
Real Estate Chart of the Day
Welcome to my blog. I'm glad you're here. Get notified by email when I write something new on The Mortgage Reports. Click here for 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 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 click to get a free, no-obligation rate quote.
You can also find Dan on Twitter and Google+.
Since you have reached the end of this post, you may be interested in checking out the related posts below.
