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Posted February 8, 2013
in Real-Time Mortgage Rates

Mortgage Rates In Motion : Weekly MBS Prices At 5-Minute Intervals

mbs0208

Trade Deficit Shrinks

 

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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.

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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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