Maine Mortgage Rate Forecast for June 7, 2010

Maine Mortgage Rate Forecast for June 7, 2010 Here are some of the events affecting mortgage rates in Maine today:

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!



Published by Seth Jacobs

Mortgage Broker, Disc Golfer and First Person Shooter Fan living in Vacationland.

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