Maine Mortgage Rate Update for September 13, 2010

Maine Mortgage Rate Update for September 13, 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 102.10 this morning – down 9/32 from Friday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 102.19 – up 3/32 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 0.125 points better in price this morning as compared to Friday afternoon.

Published by Seth Jacobs

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

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