The April 23rd release of the Bankrate.com Mortgage Trend Index is available with the experts saying that rates aren't going anywhere fast.
Here are the predictions for mortgage rates in the next 30 days:
- 09% predict mortgage rates will increase
- 19% predict mortgage rates will decrease
- 72% predict mortgage rates will remain unchanged
Holden Lewis, senior reporter of Bankrate.com states, "Mortgage rates have held in a relatively narrow range in the last few weeks." The Fed is watching inflation very closely as they continue to purchase mortgage backed securities. Rates could change in either direction depending on the outcome but as of now rates remain steady.
Remember this mortgage trend index is for conforming rates only. For your free mortgage consultation and information regarding current mortgage rates email me or call 678.648.5626.