26Jun2013
Joe Farr

Mortgage Rates Today : Real-Time MBS Pricing, June 26, 2013

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GDP Revised Lower 

 

mbs0626

Weaker than expected GDP data and comments from a Fed official have lifted MBS this morning. First quarter GDP was expected to remain at 2.4%, but it was revised lower to 1.8%. Prior to the financial crisis, GDP growth averaged around 3.0%. While Fed forecasts include stronger growth later in the year, the weak first quarter data might delay the tapering of the Fed's bond purchases. The Fed's Kocherlakota said that the increase in bond yields since the Fed meeting has been "outsized".

The results from the 5-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 lead mortgage rates lower. MBS pricing provided by MBSQuoteline. Today's 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.
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