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.
It's important to note that the survey only covers Fannie Mae and Freddie Mac conforming loans. If you are a jumbo, Alt-A, or sub-prime mortgage holder, the survey is not for you. If that's the case, email or call me and we can talk about the specifics of your situation.
Anyway, on to the group's predictions for the next 30-45 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, and I am singling out conforming loan sizes.
From the Bankrate.com survey:
"Money is flowing back into stocks at the expense of mortgage bonds. Rates will move higher as a result."
I talked a little bit about this earlier in the week.
If you are shopping for mortgages, I always recommend that you lock your rate as soon as possible. There is too much downside risk to floating your mortgage by not locking.
Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator call 513-443-2020.
Bonus: Click to get a free, no-obligation rate quote. I love to work with my readers!
Since you have reached the end of this post, you may be interested in checking out the related posts below.
