Maine Mortgage Rate Forecast for June 8, 2010

Maine Mortgage Rate Forecast for June 8, 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 102.88 this morning – the same as yesterday’s close.
  • At 9:30 AM, the 4.5% MBS coupon was trading at 102.81 – down 2/32 from its opening.

Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down – and so do mortgage rates.  Mortgage rates are  about the same in price this morning as compared to yesterday.

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