07Mar2013
Joe Farr

Mortgage Rates Today : Real-Time MBS Pricing, March 7, 2013

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Jobless Claims Fall

 

 mbs0307

 

An improving outlook for the labor market has hurt MBS yesterday and today, ahead of tomorrow's big Employment report. Weekly Jobless Claims dropped to 340K, below the consensus of 350K. The January Trade Deficit increased to $44.4B, which was a little higher than expected. Fourth quarter Productivity was revised slightly to -1.9%.

As expected, the European Central Bank (ECB) made no change in rates. The ECB lowered its forecast for euro zone economic growth in 2013.

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.

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.