Market Analysis

Below is an updated 15 minute chart showing the damage from today to the Fannie Mae 5.5% 30 year mortgage-backed security (MBS). Also below for historical perspective is a 24 month chart.  The price going down means rates are moving higher.  The points on the left hand side of the chart represent 1/32 movements in the price of the Fannie Mae MBS.  They do not correlate exactly with the points change you would see on on your rate sheets.  For instance, today we are down 38/32 points or approx 1.2 points in the Fannie Mae MBS. Our 6.125% rate went from 0 points to 1 point, so it is not exact.  However looking at the point movement in the Fannie Mae MBS gives insight into the direction and intensity of change in points that you would see for the same rate on our rate sheet.

15 minute chart

24 month chart