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Mortgage Rate Forecast for Truro MA for April 7, 2010
Mortgage Rate Forecast for Truro MA for April 7, 2010
Here are some of the events affecting mortgage rates today in Truro, MA:
What Mortgage Backed Securities Are Doing Today:
The price of the FNMA 30-Year 4.5% MBS coupon opened at 99.53 this morning - the same as Friday's close. At 9:30 AM, the 4.5% MBS coupon was trading at 99.62 - up 3/32 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 3-8-2010 to 4-7-2010:

Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and so do mortgage rates. I expect that mortgage rates will be up to 0.125 points better in price this morning as compared to yesterday.
Economic Reports, News, and Events Affecting Mortgage Interest Rates in Truro, MA Today:
There are no economic reports scheduled for release today. The Treasury Dept will be auctioning $21 billion in 10-Year Notes today, and will post the results at 1:00 PM ET. Treasury auctioned notes and bonds were not as well bid two weeks ago as they had been over the past year. ... more

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