Mortgage Rates In Motion : Weekly MBS Prices At 5-Minute Intervals
Investors are focused on Cyprus this morning. The ECB warned Cyprus that it will cut off emergency funding for its banks on Monday if no deal is reached. The limited options available to Cyprus are politically unpopular, and it's possible that Cyprus will leave the EU.
No economic data will be released today.
This chart shows mortgage-backed securities (MBS) prices from Monday's market open until the time of this post. The vertical-axis reflects MBS prices as measured in basis points. Mortgage-backed bonds are used to formulate mortgage rates.
Falling MBS prices result in higher mortgage rates. Rising MBS prices result in lower mortgage rates. MBS pricing provided by MBSQuoteline.