Live Rate Quotes
Real Estate Chart of the Day
Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. Click here to get 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:
"Gas prices down means inflation pressures subside, leading mortgage rates lower."
The gas-price-to-mortgage-rate relationship isn't direct, but rising prices have had a psychological impact on both Wall Street and Main Street. We should expect that falling prices would do the same.
I've been using Twitter to communicate the mid-day market shifts to clients and there's been a lot of them. It's simple to set up and completely non-intrusive. You're welcome to follow me if you'd like the updates, too.
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.
