MBS Prices Tumble Down – Market Update

MBS Prices Tumble Down - Market Update Yesterday’s strong housing data, improved industrial production, and heavy mortgage origination volume sent MBS prices tumbling down. Treasuries are improving this morning as the initial Jobless Claims report came in at 388,000, 49,000 higher than last week.

What’s up on Wall Street?

The Dow Jones Industrial Average increased 6.04 points (0.04%) while the Nasdaq dropped 7.63 points (-0.25%). Also, the S&P 500 fell 2.02 points (-1.39%).

Current Rates

Here are some of today’s rates:

Visit our mortgage rates page to find out how much you can save with today’s rates, or use our mortgage calculator to find more rates and loans options.

Financial Links

Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.

Reuters

Jobless Claims Jump, Government Flags Seasonal Factors

National Mortgage News

Securing the American Dream and the Future of Housing Policy

Bloomberg

Index of U.S. Leading Indicators Rose 0.6% in September

 

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