The Mortgage Interest Rate Lock Advisory for Falmouth MA for November 18, 2009
By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Mortgage Interest Rate Lock Advisory for Falmouth MA for November 18, 2009 Here are some of the events affecting mortgage interest rates today in Falmouth, MA. What the Mortgage Backed Securities Market is Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.69 this morning - down 2/32 from yesterday's close. The chart below shows today's price trend of the FNMA 30-Year 4.5% coupon: The FNMA 30-Year 4.5% MBS coupon is currently trading at 101.72 - 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 interest rates. I expect that mortgage interest rates will be about the same in price this morning as compared to yesterday. Recent Activity in Mortgage Backed Securities: The chart be...
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