Maine Mortgage Rate Update for August 20, 2010

Maine Mortgage Rate Update for August 20, 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 102.78 this morning – the same as yesterday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 102.75 – 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 about the same in price today as compared to yesterday.

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