Mortgage Rate Forecast for March 29, 2010
March 27th, 2010 | 
Author: As you know, mortgage rates change can change daily and change according to the trading of morgage-backed securities also know as mortgage bonds.
Mortgage bond traders trade off of the following things: economic indicators (which can come out daily), technical indicators related to bond prices and past open and close bond prices, and geopolitical factors.
This week is light for economic indicators. Monday the PCE prices are due out. The PCE is the Personal Comsumption Expenditure and is one of the Fed’s favorite inflation measurements.
After that we have the jobs report due out Friday morning. The jobs report can impact mortgage prices if the number comes in a lot better than expected.
In my opinion, if you’re floating your rate with the expectation that rates are going to drop more than .25%, you’re going to lose.
The Fed’s buying program of mortgage bonds is ending March 30. I doubt we’ll see private investors pick up the Fed’s slack.
If there’s benefit in your transaction, secure the rate. Don’t game it, because the odds aren’t in your favor.
If you want to see the prevailing rates, do a personalized search from the webpage. You’ll get all the information you need.
Yale Roth is a FHA Mortgage Specialist and provides mortgages for homeowners throughout the United States.
Call Yale at 561-350-7684 with any mortgage-related problems or visit his rate page at http://www.YaleHomeLoan.com
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Posted in Mortgage Rate Update (by date) | 
Tags: Call Yale, comsumption, fed, federal reserve, FHA mortgage, floating the rate, home loans, locking the rate, mortgage, mortgage bond, mortgage bonds, mortgage prices, mortgage rates, mortgage specialist, mortgage-backed securities, purchase, refinance, yale roth
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