12Apr2012
Joe Farr

Today’s Mortgage Rates : Real-Time MBS Pricing, April 12, 2012

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PPI Inflation Mixed 

 

 

A stock market rally has caused MBS to move lower from the morning highs. The results from the 30-yr Treasury auction will come out around 1:00 et.

Energy price increases were lower than expected in March, but PPI inflation outside of energy exceeded expectations. Weekly Jobless Claims rose to 380K, above the consensus of 360K, and the highest level since January.

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 result in lower mortgage rates. MBS pricing provided by MBSQuoteline.

Click here for a live rate quote.

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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