Mortgage Rate Forecast for August 17, 2010 - Improving, or...?
By Lew Corcoran, Expert guidance. Exceptional results.
(Better Living Real Estate, LLC)
Mortgage Rate Forecast for August 17, 2010 - Improving, or...? Here are some of the events affecting mortgage rates today: What Mortgage Backed Securities (MBS) Are Doing Today: The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.81 this morning - the same as yesterday's close. At 9:30 AM, the 4.0% MBS coupon was trading at 102.63 - down 6/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage rates. I expect that mortgage rates will be up to 0.25 points worse in price this morning as compared to yesterday. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.0% coupon over the past 30 days from 7-18-2010 to 8-17-2010: Economic Reports, News, and Events ...
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