Joe Farr

Today’s Mortgage Rates : Real-Time MBS Pricing, February 5, 2013

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ISM Services Fell


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.

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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