In a reversal of yesterday's market action, investors have shifted back to riskier assets today. Events in Europe once again were the primary influence. Stronger than expected economic data in Germany and other European countries helped global stocks and hurt bonds. The daily volatility seen in MBS markets so far this year has shown no signs of letting up.
ISM Services fell to 55.2, slightly above the consensus of 55.0.
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 for February 5, 2013 are based on the day's MBS pricing.
The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates.
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2015 Conforming, FHA, & VA Loan Limits
Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)