Maine Mortgage Rate Update for September 28, 2010

Maine Mortgage Rate Update  for September 28, 2010

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.97 this morning – the same as yesterday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 103.00 – up 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. I expect that Maine mortgage rates will be about the same in price this morning as compared to yesterday afternoon.

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Maine Mortgage Rate Update for September 27, 2010

Maine Mortgage Rate Update for September 27, 2010

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.59 this morning – the same as Friday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 102.78 – up 6/32 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 up to 0.250 points better in price this morning as compared to Friday afternoon.

Maine Mortgage Rate Update for September 24, 2010

Maine Mortgage Rate Update for September 24, 2010

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.84 this morning – the same as yesterday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 102.63 – down 7/32 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 will be up to 0.250 points worse in price this morning as compared to yesterday afternoon.

Maine Mortgage Rate Update for September 23, 2010

Maine Mortgage Rate Update for September 23, 2010

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.91 this morning – the same as yesterday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 103.06 – up 5/32 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 about 0.125 points better in price this morning as compared to yesterday afternoon.

Maine Mortgage Rate Update for September 22, 2010

Maine Mortgage Rate Update for September 22, 2010

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 103.06 this morning – the same as yesterday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 103.13 – up 2/32 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 about the same in price this morning as compared to yesterday afternoon.

Maine Mortgage Rate Update for September 21, 2010

Maine Mortgage Rate Update for September 21, 2010

What Mortgage Backed Securities (MBS) Are Doing Today:

  • The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.50 this morning – the same as yesterday’s close.
  • At 9:30 AM, the 4.0% MBS coupon was trading at 102.66 – up 5/32 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 already 0.25 points better in price this morning as compared to yesterday afternoon.

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.