Mortgage Rates Today : Real-Time MBS Pricing, September 12, 2013
Jobless Claims Misleading
MBS markets initially moved lower after the Jobless Claims data showed a decline to 292K, far below the consensus of 330K, and the lowest level since 2006. Labor Department officials then announced that two states were upgrading their computer systems and were unable to collect all the claims during the week. When investors learned that the data was inaccurate, MBS changed direction and moved higher. August Import Prices were flat from July.
The results from the 30-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 the real-time pricing shown above.