26Apr2012
Joe Farr

Today’s Mortgage Rates : Real-Time MBS Pricing, April 26, 2012

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Pending Home Sales Rise  

 

 

Weaker than expected European economic data has helped MBS this morning. A weaker than expected reading for Weekly Jobless Claims also supported MBS.

March Pending Home Sales rose 4.1% from February, above the consensus of 1.0%, to the highest level since April 2010.

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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