Raynham Center, MA Real Estate News

By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Mortgage Rate Forecast for September 10, 2010 - Improving, or...? 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 102.56 this morning - the same as yesterday's close. At 9:30 AM, the 4.0% MBS coupon was trading at 102.31 - down 8/32 from its opening. 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 up to 0.25 points worse in price this morning as compared to yesterday afternoon. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.0% coupon over the past 30 days from 8-11-2010 to 9-10-2010: Economic Reports, News...
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