29Jan2013
Joe Farr

Today’s Mortgage Rates : Real-Time MBS Pricing, January 29, 2013

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Confidence Falls

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The November S&P/ Case-Shiller 20-city home price index rose 0.6% from October and was 5.5% higher than the same period one year ago, reflecting the strength in the housing market.

Consumer Confidence declined to 58.6, far below the consensus of 65.0, and the lowest level since November 2011. The results from the 5-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. Refinance mortgage rates are based on MBS pricing.

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.
The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products. The views and opinions expressed herein are those of the respective authors and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates.