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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:
"Mortgage rates may fall at their core, but Fannie and Freddie's risk-based adjustments are crushing Americans."
I've went on record about this with the AP's Stephen Bernard (via CNN Money) and again today with Holden -- risk-based adjustments to mortgage prices have pushed conforming mortgage rates way, way up.
With respect to credit scores, 720 is the new 680 (h/t Greg). And more adjustments are forthcoming.
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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