Maine Mortgage Rate Update for August 11, 2010

Maine Mortgage Rate Update for August 11, 2010

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

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.47 this morning – the same as yesterday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 102.72 – 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 about 0.1.25 points better in price today as compared to yesterday.

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