Maine Mortgage Rate Forecast for June 18, 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 102.97 this morning – the same as yesterday’s close.
• At 9:30 AM, the 4.5% MBS coupon was trading at 102.94 – down 1/32 from its opening.

Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up – and so do mortgage rates.  Maine mortgage rates are low and today is a great day to lock in.