10Jan2013
Joe Farr

Today’s Mortgage Rates : Real-Time MBS Pricing, January 10, 2013

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Jobless Claims Fall 

 

 

 

Stronger than expected economic data in China hurt MBS this morning. As expected, the ECB made no change in rates. Comments from the ECB President contained little indication of future rate cuts, which was another negative for MBS this morning.

In the US, weekly Jobless Claims fell to 371K, above the consensus of 365K. 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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