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 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:
"As the risk premium of Fannie and Freddie's debt increases, mortgage rates follow."
What's risk premium, you ask? It's the extra rate of return that Wall Street requires from a company because investors fear for their money. The chart we showed earlier this week should clarify.
If government debt is considered guaranteed, you'll see, mortgage-backed debt is getting farther and farther away from guaranteed, day by day.
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.
