08Feb2013
Joe Farr

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

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Trade Deficit Shrinks

 

 mbs0208

 

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.

Click here for a live rate quote.

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.