Posted March 14, 2013Tweet
Stronger than expected Jobless Claims data pushed MBS lower this morning. Weekly Jobless Claims dropped to 332K, below the consensus of 350K. Continued Claims declined to the lowest level since the middle of 2008. January PPI rose 0.7% from December, matching the consensus, and it was 1.8% higher than one year ago. Core PPI, which excludes food and energy, increased 0.2%, also matching the consensus. Core PPI was 1.7% higher than one year ago.
The results from the 30-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.
The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates.
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2014 Conforming & FHA Loan Limits
Mortgage loan limits for every U.S. county,
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