Mortgage Rates.

Well it looks like rates are taking a nice little dip down today. It is a welcome relief to the constant increase in rates we have seen over the last couple of weeks. Will they continue to go down...



Bankrate has a regular weekly survey about what the participants think rates will do in the next 30 days.

Note: the survey only covers conforming loans. If you are a jumbo, Alt-A, or sub-prime mortgage holder, the survey is not for you. If that's the case, email or call me and we can talk about the specifics of your situation.

Anyway, on to the group's predictions for the next 30 days:

42% of participants predict rates will increase
50% of participants predict rates will decrease
8% of participants predict rates will remain unchanged

These are obviously only opinions and so ultimately it is up to you what you will do.