Mortgage Rates Today : Real-Time MBS Pricing, February 27, 2013
Pending Sales Rise
The headline Durable Orders figure showed a decline of 5.2%, which was a little weaker than expected. Excluding volatile aircraft orders revealed much stronger results, however, with an increase of 1.9%.
December Pending Home Sales rose 4.5%, above the consensus of 2.0%, and the highest level since April 2010 when the homebuyer tax credit was about to expire.
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.