Maine Mortgage Rate Forecast for July 6, 2010

Maine Mortgage Rate Forecast for July 6, 2010

Here are some of the events affecting mortgage rates in Maine today:

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 101.25 this morning – the same as Friday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 101.28 – up 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. I expect that Maine mortgage rates are about the same in price this morning as compared to Friday.

Published by Seth Jacobs

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

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