The latest Bankrate.com Mortgage Trend Index has been released the analysts saying that mortgage rates will probably stay where they are -- or they might climb.

Here are the predictions for mortgage rates in the next 30 days:

· 55% predict mortgage rates will increase
· 09% predict mortgage rates will decrease
· 36% predict mortgage rates will remain unchanged

Chris Sipe of Mason Dixon Funding states, "Mortgage bonds are a good "flight to safety" investment during times of financial and geo-political uncertainty. However, as the economy reverses, stocks will pull investment dollars away from bonds sending rates higher. There is now talk of the recession reversing by year's end, and whether right or wrong, just the notion could lead to rates rising."

With the rise in gas prices, the stock market gaining, and Summer just around the corner, mortgage rates should increase. The Fed's continued purchase of mortgage backed securities has helped rates stay in a tight range around 4.750 and 5.250 percent.

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.

Source: Bankrate.com