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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.
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:
"The Fed's constant warnings about inflation create a self-fulfilling prophecy, and that will make, actually, inflation happen."
Tweeet! Number 11 -- on the offense -- gratuitous use of the comma -- 5 yards -- repeat Second Down.
If you are shopping for mortgages, I always recommend that you lock your rate as soon as possible. But, if you're not convinced, take this little test to gauge your risk tolerance.
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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