Jobless Claims Rise
This morning, weekly Jobless Claims rose a little to 352K, which was very close to the consensus. Philly Fed declined to 1.3, which was a little lower than expected.
Copper prices are at the lowest level in 1.5 years.
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 lead mortgage rates higher. MBS pricing provided by MBSQuoteline. Daily mortgage rates are based on real-time mortgage market pricing.