Joe Farr

Today’s Mortgage Rates : Real-Time MBS Pricing, November 8, 2012

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Greece Vote Passes




Today's US economic data and news from Europe has had little impact on MBS prices this morning. As expected, the ECB made no change in rates. Despite widespread riots and protests, Greek leaders passed a series of austerity measures required to receive additional aid.

Weekly Jobless Claims declined to 355K, below the consensus of 365K, but it will be difficult to determine the effects of Hurricane Sandy on the results for several weeks. The September Trade Deficit declined more than expected to the lowest level since December 2010.The results from the 30-yr Treasury auction will come out around 1:00 et.

This chart shows the change in mortgage-backed securities (MBS) prices from today's market open at 8:00 AM ET and tracks how MBS prices have changed until the time of this post. The vertical-axis reflects the change in MBS pricing as measured in 32nds. Each 32nd is equal to 3.125 basis points.

Falling MBS prices result in higher mortgage rates. Rising MBS prices result in lower mortgage rates. MBS pricing provided by MBSQuoteline.

Click here for a live rate quote.

About the Author

Joe Farr is a 20-year veteran of the mortgage industry. He is MBSQuoteline's Director of Sales and Marketing. For up-to-the-minute MBS prices throughout the day, go to www.mbsquoteline.com. Start a free trial.
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