Professional Home Staging and Photography Blog: RATE ALERT - January 28, 2009

RATE ALERT - January 28, 2009

Prices of Mortgage Backed Securities (MBSs) opened up in this morning trading, but reversed course by late morning and headed down. The FNMA 30 Year Mortgage Backed Securities February 4.5 coupon is currently down 14/32.

Remember, on MBS, as the price goes up, the yield goes down - and mortgage interest rates go down with it. Conversely, as the price goes down, the yield goes up - and so do mortgage interest rates. Expect mortgage rates to go up this afternoon.

 

East Bridgewater, MA 02333
Phone: (508) 443-1332

Lew Corcoran, ASP®, IAHSP, IAHSP-CB
Accredited Home Staging Professional
Professional Real Estate Photographer

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Comment balloon 0 commentsLew Corcoran, ASP® • January 28 2009 01:47PM

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