The Mortgage Interest Rate Lock Advisory for Orleans MA for November 30, 2009
By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Mortgage Interest Rate Lock Advisory for Orleans MA for November 30, 2009 Here are some of the events affecting mortgage interest rates today in Orleans, MA. What the Mortgage Backed Securities Market is Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 102.44 this morning - down 4/32 from Friday'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 102.50 - up 2/32 from its opening. 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 be the same in price this morning as compared to Friday's close. The chart below shows the price trend of the FNMA 30...
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