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Mortgage Rate Forecast for Provincetown MA for March 16, 2010
Mortgage Rate Forecast for Provincetown MA for March 16, 2010
Here are some of the events affecting mortgage rates today in Provincetown, MA:
What Mortgage Backed Securities Are Doing Today:
The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.03 this morning - the same as yesterday's close. At 9:30 AM, the 4.5% MBS coupon was trading at 100.84 - down 6/32 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 2-14-2010 to 3-16-2010:

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 as much as 0.250 points worse in price this morning as compared to yesterday.
Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:
Housing Starts - housing starts was down in February, but better than expected. Housing starts fell 5.9% to an annualized rate of 575,000 units in February after increasing 6.6% in January. This indicates that the decline in new home starts has ended - for now. There's still a glut of new homes for ... more

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