Maine Mortgage Rate Update for September 20, 2010

Maine Mortgage Rate Update for September 20, 2010

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.22 this morning – the same as Friday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 102.25 – 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 will about the same 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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