The Mortgage Interest Rate Lock Advisory for Portsmouth NH for September 22, 2009
By Lew Corcoran, ASP®, Home Stager & Real Estate Photographer
(Scena Home Staging & Decora Photography)
The Mortgage Interest Rate Lock Advisory for September 22, 2009 Here are some of the events affecting mortgage interest rates today in Portsmouth, New Hampshire. What the Mortgage Backed Securities Market is Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened down 1/32 this morning to 100.38. The price of the FNMA 30-Year 4.5% MBS coupon closed down 3/32 yesterday to 100.41 (as shown by the white line). MBS is currently trading up 3/32 to 100.50 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and mortgage interest rates come down with it. I expect that mortgage interest rates will essentially be the same in price today as compared to yesterday Economic Reports, News, and Events Affecting Mortgage Int...