Mortgage Rates In Motion : Weekly MBS Prices At 5-Minute Intervals
Trade Deficit Shrinks
A rally in stocks has hurt MBS this morning. The December Trade Deficit declined to $38.5B, far below the consensus of $46.0B. The strength in exports helped the stock market.
Since the first reading for GDP estimates certain data, today's actual results will almost certainly lead to an upward revision to fourth quarter GDP, lifting it to positive growth.
This chart shows mortgage-backed securities (MBS) prices from Monday's market open until the time of this post. The vertical-axis reflects MBS prices as measured in basis points.
Falling MBS prices result in higher mortgage rates. Rising MBS prices result in lower mortgage rates. MBS pricing provided by MBSQuoteline.