| 
Call Dan at 513-443-2020 | Bankrate.com Mortgage Trend Index (May 24, 2007)
Posted on May 24, 2007
Filed under Rate Surveys
Tweet
I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available.
- 64% of participants predict rates will increase
- 14% of participants predict rates will decrease
- 22% of participants predict rates will remain unchanged
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:
"Inflation is the enemy of mortgage rates. Expect more slow, steady increases."
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.
By the way, I am on a nice winning streak...
Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.
