Maine Mortgage Rate Forecast for June 21, 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 Friday’s close.
- At 9:30 AM, the 4.5% MBS coupon was trading at 102.72 – down 6/32 from its opening.
Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up – and so do mortgage rates. I expect that Maine mortgage rates will be as much as 0.25 points worse in price this morning as compared to Friday.
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