If you want to be notified when I write something new on The Mortgage Reports, sign up for daily email alerts or subscribe to the RSS feed.

Bankrate.com Mortgage Trend Index (May 31, 2007)

Posted on May 31, 2007
Filed under Rate Surveys
Read the complete post or link to it

Bankrate_logo I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available.

  • 58% of participants predict rates will increase 
  • 16% of participants predict rates will decrease
  • 26% 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:

"Say it with me: The trend is your friend. Lock your loans now, folks."

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.

The winning streak continues...

The Author

  • Dan Green is a loan officer at Mobium Mortgage. He lends in all 50 states.

Work With Dan

  • Dan provides purchase mortgages and refinance loans for owners and investors.
  • Reach the team toll-free:
    877-DAN-GREEN
    (877-326-4733)
  • Email Dan Green:
  • Visit the team Web site:
    www.dangreenteam.com

TV Interviews

Radio Interviews

Dan In The News

  • Dan's opinion is often sought for mortgage-focused articles and video.
  • Direct media requests to:

Mortgage Video

  • Why It Matters When Mortgage Guidelines Change

Advertisement

  • Dan Green Mortgage Chicago Cincinnati

Conversations

More Ways To Read


Advertisement


Blog Search

Speaking Offline At:

Must-Read Topics:
Float vs. Lock

Must-Read Topics:
Mortgage Planning

Must-Read Topics:
Mortgage Products

Must-Read Topics:
Real Estate

Must-Read Topics:
Federal Reserve

Recent Posts

Legal Stuff

  • Equal Opportunity Lender. Illinois Residential Mortgage Licensee. Ohio Residential Mortgage Licensee MB.803843.000. This is not a commitment to lend. Restrictions apply. All rights reserved. Mobium Mortgage Group, 319 W. Ontario St, Chicago, IL 60610.
  • The content provided on this website is presented or compiled for your convenience by The Dan Green Team and is provided for informational purposes only. It does not necessarily represent the views or opinions of Mobium Mortgage Group. Neither The Dan Green Team nor Mobium Mortgage Group assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed, or represents that its use would not infringe privately owned rights.
  • The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. The investment, mortgage or financial services or strategies mentioned in and throughout this website may not be suitable for you.
  • Neither The Dan Green Team nor Mobium Mortgage Group hold themselves out as a provider of any legal, financial or other advice. Neither The Dan Green Team nor Mobium Mortgage Group makes any recommendations or endorsements of the views, services, strategies, products or any other material that may appear on this website, whether by The Dan Green Team or that which is submitted by third parties. Neither The Dan Green Team nor Mobium Mortgage Group intend to offer any advice regarding the nature, potential value or suitability of any security, financial product, strategy or service or mortgage strategy, product or service. The Dan Green Team and Mobium Mortgage Group urge you to obtain professional advice before proceeding with any investment.
  • The documents on this web site contain hypertext pointers to information created and maintained by other public and private organizations. Please be aware that neither The Dan Green Team nor Mobium Mortgage Group controls or guarantees the accuracy, relevance, timeliness, or completeness of this outside information. Further, the inclusion of pointers to particular items in hypertext is not intended to reflect their importance, nor is it intended to endorse any views expressed or products or services offered by the author of the reference or the organization operating the server on which the reference is maintained. The Dan Green Team and Mobium Mortgage Group disclaim all liability for the content of any third party websites.
  • The Dan Green Team and Mobium Mortgage Group make no warranties about the accuracy or completeness of any information contained on this web site. The Dan Green Team and Mobium Mortgage Group, including its directors, affiliates, officers, employees, agents, contractors, successors and assigns, hereby disclaim all liability for any loss, damage or other injury resulting from the use of this website, for any investment decisions made on the basis of information on this website, and for any damages or losses whatsoever, arising out of, or in any way related to, the use of this site and any other site linked to this site. Nothing on this website constitutes or is intended to constitute an offer of, or an invitation to purchase or subscribe to any security.