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?

• 0% of participants predict rates will increase 
• 77% of participants predict rates will decrease
• 23% 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, 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 is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.