The Mortgage Interest Rate Lock Advisory for Yarmouth MA for January 13, 2010
By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Mortgage Interest Rate Lock Advisory for Yarmouth MA for January 13, 2010 Here are some of the events affecting mortgage interest rates today in Yarmouth, MA. What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.51 this morning - down 1/32 from yesterday's close. The 4.5% MBS coupon is currently trading at 100.51 - the same as 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 essentially be the same in price today as compared to yesterday. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days from 12-13-2009 to 1-12-2...
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