Mortgage Rates Today : Real-Time MBS Pricing, September 3, 2013
The US did not launch a military strike in Syria over the weekend, causing investors to partially reverse the flight to safety trade. This helped stocks and hurt bonds. Stronger than expected ISM data sent MBS even lower this morning.
ISM Manufacturing rose to 55.7, above the consensus of 54.0, and the highest level since June 2011. Construction Spending came in close to expectations.
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 the real-time pricing shown above.