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May 21st Bankrate.com Mortgage Trend Index

The May 21st Bankrate.com Mortgage Trend Index has been released the analysts saying that we'll see more of the same where rates are concerned.

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

· 38% predict mortgage rates will increase
· 07% predict mortgage rates will decrease
· 55% predict mortgage rates will remain unchanged

Greg McBride, CFA, senior financial analyst Bankrate.com states, "A weak economy balances out concerns about government debt issuance, keeping mortgage rates in check."
Even as the government announced a weaker Retail Sales Report and the Fed's announcement to purchase additional debt, mortgage rates are remaining relatively stable. increase.

Remember this mortgage trend index is for conforming rates only and does not include Jumbo, FHA, or VA mortgage rates. For your free mortgage consultation and information regarding current mortgage rates email me or call 678.648.5626.

Image Source: Bankrate.com

Posted by Darrell Walters on 05/21/2009 12:27 PM

Comments (1)

Mortgage Rates in the Mortgage / Finance Channel

mortgage rate trends, mortgage trends, bankratecom

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1 Comments on May 21st Bankrate.com Mortgage Trend Index

SEP

Hi Darrell, thanks for all the info! I love visiting bankrate.com. It is such an informative site!

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