26Feb2013
Joe Farr

Mortgage Rates Today : Real-Time MBS Pricing, February 26, 2013

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Bernanke Testifies

 

 mbs0226

 

There remains a large amount of uncertainty about the leadership in Italy, but investors have lowered the expected impact that Italy will have outside the EU. Bernanke's speech contained no surprises and had little effect on MBS.

January New Home Sales jumped 16% to an annual rate of 437K, far above the consensus of 380K. Consumer Confidence increased to 69.6, far above the consensus of 62.0. The results from the 5-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.

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.