18Oct2013
Joe Farr

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

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Employment Report on Tuesday

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This morning, MBS have added to their gains seen since the deal was reached in Congress.

The Labor Department has announced the release schedule for the September Employment report which was postponed due to the government shutdown. The September data will come out on Tuesday, making it the premier event next week. The October data will be released on Friday November 8.

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 the basis for 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.
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