04Feb2013
Joe Farr

Today’s Mortgage Rates : Real-Time MBS Pricing, February 4, 2013

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Factory Orders Rose

 

mbs0204 

 

A decline in stocks has lifted MBS this morning. A political corruption scandal concerning the Prime Minister of Spain was partly responsible for the flight to safer assets.

December Factory Orders rose 1.8%, below the consensus of 2.5%.

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. Mortgage rates are based on MBS pricing.

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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.