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Mortgage Rate Forecast for Brewster MA for March 5, 2010
Mortgage Rate Forecast for Brewster MA for March 5, 2010
Here are some of the events affecting mortgage rates today in Brewster, MA:
What Mortgage Backed Securities Are Doing Today:
The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.44 this morning - the same as yesterday's close. At 9:30, the 4.5% MBS coupon was trading at 101.19 - down 8/32 from its opening. Price Trend in Mortgage Backed Securities:
The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days from 2-3-2010 to 3-5-2010:

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 0.125% - 0.250% worse in price this morning as compared to yesterday.
Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:
Employment Situation Report - according to the Bureau of Labor Statistics, non-farm payroll fell by 36,000 in February, and is not as bas as expected. Analysts expected a loss of 50,000 jobs. This follows a loss of 20,000 jobs in January, a loss of 150,000 jobs in December, and a gain of 64,000 jobs in November. ... more

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