Mortgage Rates : Real-Time MBS Pricing, February 27, 2012

MBS PRICES HIGHER

MBS markets opened higher this morning after G-20 officials decided over the weekend to postpone a decision on additional aid for Europe. Although they are off a little from the highs, MBS prices have held most of the gains through the morning.
January Pending Home Sales rose 2% from December, which was close to the consensus forecast. Pending Home Sales are a forward-looking indicator based on signed contracts rather than actual closings. They are now at the highest level since April 2010, when the deadline to take advantage of home buyer tax credits spurred sales.
This chart shows the change in MBS prices from today's market open at 8:00 AM ET and tracks how mortgage-backed bond prices have changed until the time of this post. The vertical-axis reflects the change in mortgage bonds 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.

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