Bankrate.com Mortgage Trend Index (January 25, 2007)
Posted on January 25, 2007
Filed under Rate Surveys
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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.
- 45% of participants predict rates will increase
- 22% of participants predict rates will decrease
- 33% 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:
"The Fed meeting next week will really shake things up. Lock in now, just to be safe."
If you are shopping for mortgages, I always recommend that you lock your rate as soon as possible. There is just too much downside risk to not locking.






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