Professional Home Staging and Photography Blog: May 2010

Mortgage Rate Forecast for May 17, 2010

Mortgage Rate Forecast for May 17, 2010

Here are some of the events affecting mortgage rates today:

What Mortgage Backed Securities Are Doing Today:

  • The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.62 this morning - the same as Friday's close.

  • At 9:30 AM, the 4.5% MBS coupon was trading at 101.75 - up 4/32 from its opening.

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 0.250 points better in price this morning as compared to Friday.

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 4-17-2010 to 5-17-2010:

The price trend of the FNMA 30-Year 4.5% coupon from 4-17-2010 to 5-17-2010

Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:

  • There are no economic reports scheduled for release today.

Trend in Mortgage Rates:

The chart below shows the trend in mortgage rates over the past year:

The trend in mortgage rates from May 14, 2009 to May 14, 2010

Not sure whether you should lock in your mortgage rate today, or continue floating? Then get today's mortgage rate lock advice sent to you instantly by e-mail.

Be sure to check out today's mortgage rates.

 

East Bridgewater, MA 02333
Phone: (508) 443-1332

Lew Corcoran, ASP®, IAHSP, IAHSP-CB
Accredited Home Staging Professional
Professional Real Estate Photographer

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Comment balloon 1 commentLew Corcoran, ASP® • May 17 2010 11:02AM
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