Mortgage Rates Today : Real-Time MBS Pricing, February 25, 2013
Waiting for Italian Election Results
The big story today is the election in Italy. Polls show it's close between the pro-reform candidate and one who opposes it. It likely will be difficult for either candidate to form a strong enough coalition to implement his platform, creating uncertainty.
The results from the 2-yr Treasury auction will come out around 1:00 et.
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. Daily mortgage rates are based on real-time mortgage market pricing and are where mortgage rates come from.