Mortgage Rate Forecast for June 25, 2010
By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Mortgage Rate Forecast for June 25, 2010 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 100.41 this morning - the same as yesterday's close. At 9:30 AM, the 4.0% MBS coupon was trading at 100.41 - the same as its opening. It is customary in the MBS market to track the coupon that is running closest to par, which is 100.00. Due to market improvements, we are now tracking the FNMA 4.0% coupon. 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 about the same in price this morning as compared to late yesterday afternoon. Price Trend in Mortgage Backed Securities: Th...
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