25Apr2012
Joe Farr

Today’s Mortgage Rates : Real-Time MBS Pricing, April 25, 2012

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Waiting for the Fed 

  

 

Despite weaker than expected Durable Orders data, MBS are close to yesterday's closing levels. Demand was stronger than average for the 5-yr auction, ahead of the 11:30 et release of the Fed statement.

Investors will be looking for signs of support for additional easing or for tightening sooner than expected, as well as the latest Fed forecasts for the economy.

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.
The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products. The views and opinions expressed herein are those of the respective authors and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates.