10May2013
Joe Farr

Mortgage Rates In Motion : Weekly MBS Prices At 5-Minute Intervals

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MBS Decline Sharply

mbs0510

While stocks are flat, MBS have dropped sharply this morning. Today's selling reflects growing sentiment that the labor market is improving as seen in recent weekly Jobless Claims data and the April Employment report.

Fed Chief Bernanke spoke about the regulation of financial markets, but he did not make any commments about monetary policy.

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.

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.