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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:
"Stock markets should benefit from falling commodity prices, pulling money from the mortgage bond market."
Now, silly me, I sent my comments to Bankrate.com before I found this choice nugget, buried on the Fannie Mae Web site. I still expect rates to increase over the next 30 days, but now I am even more sure -- Fannie Mae raised its loan fees across the board.
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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