Maine Mortgage Rate Forecast for July 14, 2010

Maine Mortgage Rate Forecast for July 14, 2010

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

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 100.94 this morning – down 11/32 from yesterday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 101.16 – up 8/32 from its opening.

Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down – and so do mortgage rates. Maine mortgage rates are 0.250 points better in price this morning as compared to yesterday.

Published by Seth Jacobs

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

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