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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 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:
"New loan fees from Fannie and Freddie wipe out market gains. The 'middleman' fee takes its toll."
Remember: Fannie Mae and Freddie Mac stand between conforming borrowers and Wall Street so if the two firms want to generate some extra income, all they have to do is implement loan-based fees.
There have been four separate increases since December 2007. We should expect more later this year.
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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