The Mortgage Interest Rate Lock Advisory for Quincy MA for October 22, 2009
By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Mortgage Interest Rate Lock Advisory for Quincy MA for October 22, 2009 Here are some of the events affecting mortgage interest rates today in Quincy, Massachusetts. What the Mortgage Backed Securities Market is Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.59 this morning - down 13/32 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 100.63 - up 3/32 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 0.125% - 0.25% worse in price this morning as compared to yesterday. The chart below shows the price trend of the F...
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