Mortgage Rates Today : Real-Time MBS Pricing, March 6, 2013
ADP Higher than Expected
Stronger than expected Employment data caused MBS prices to move lower this morning. The ADP forecast for private sector job gains in February was 198K, above the consensus of 175K. Factory Orders matched expectations.
The Fed's Beige Book will be released at 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.