I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available.

As a reminder:

1. The survey is for conforming loans only.
2. Asking "Where are rates headed?" is not mortgage strategy -- it's a mortgage gamble.  You can always call or email me for help with your personal mortgage plan.

Anyway, on to the group's predictions for the next 30 days:

• 40% of participants predict rates will increase
• 27% of participants predict rates will decrease
• 30% of participants predict rates will remain unchanged

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:

"Rates should bounce like lottery balls while trending lower overall."

The general public is dangerously unaware about the current volatility in mortgage markets and don't know that there's a greater-than-50% chance that a rate quote issued in the morning will be expired by the afternoon.

I've been using Twitter as a way to communicate the market shifts to clients.  My tweets tell them when rates are likely to change so they can be more pro-active about their finances. 

Twitter's simple to set up and it's non-intrusive.  You're welcome to follow me if you'd like the updates, too.

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Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.