Live Rate Quotes No social security number required
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. I am a little frightened that every person surveyed predicts at least a decrease. We can't all be right. Can we?
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, and I am singling out conforming loan sizes.
From the Bankrate.com survey:
"As the Fed signals a slowing economy, the dollar strengthens and renders mortgage bonds a more attractive investment option globally. Look for a return of liquidity to lower pricing in some mortgage niches, too."
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 not locking.
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.
