What Mortgage Backed Securities Are Doing Today:
- The price of the FNMA 30-Year 4.5% MBS coupon opened at 102.69 this morning – the same as Friday’s close.
- At 9:30 AM, the 4.5% MBS coupon was trading at 102.66 – down 1/32 from its opening
Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down – and so do mortgage rates. Rates today are similar to last Friday.
Call or email me today to refinance your current mortgage in Maine. Rates can’t stay low forever!