Mortgage Rates Today : Real-Time MBS Pricing, March 19, 2013
Housing Starts Rise
This morning, February Housing Starts rose 1% from January to an annual rate of 917K units, above the consensus of 910K, and the highest level since June 2008. Building Permits increased 5%, also to the highest level since June 2008.
Investors will be looking ahead to two big events. A vote in Cyprus is scheduled to take place later today, but it could be postponed again. The Fed meeting will take place tomorrow.
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.