Maine Mortgage Rate Forecast for June 14, 2010

Maine Mortgage Rate Forecast for June 14, 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 102.53 this morning – the same as Friday’s close.
* At 9:30 AM, the 4.5% MBS coupon was trading at 102.28 – down 8/32 from its opening.

Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up – and so do mortgage rates. Mortgage rate are about the same as they were Friday.

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