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Mortgage Rate Forecast for Provincetown MA for April 8, 2010
Mortgage Rate Forecast for Provincetown MA for April 8, 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 100.06 this morning - the same as Friday's close. At 9:30 AM, the 4.5% MBS coupon was trading at 100.12 - up 2/32 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 3-9-2010 to 4-8-2010:



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 Provincetown, MA Today:
Jobless Claims - 460,000 new claims for unemployment were filed last week. This is 23,000 more than expected, and 21,000 more than the previous week. The four-week average for unemployment is up by 2,250 to 450,250, while continuing claims for the week of March 27 fell by 131,000 to ... more

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