Why MBS prices down july 25, 2012, Mortgage Rates 7/25/2012 : Hints that the European Central Bank (ECB) may expand its aid programs caused investors to shift to riskier assets, and MBS moved lower this morning. The results from the 5-yr Treasury auction will come out around 1:00 et.
June New Home Sales declined 8% from May to an annual rate of 350K units, below the consensus of 375K.
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.
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