When the price of Mortgage Backed Securities (MBS) on the above chart above goes up mortgage rates come down. When the price goes down mortgage rates go up.
Below is the news when it happened and market reaction. All of the times below are Eastern Standard Time
Indexes at the end of the day
Fri, Jun 17 11:37 AM - USD LIBOR 1-month .44%, 3-month .64%, 6-month .92%, 12-month 1.23%.
11:37AM New Rates have been posted http://www.johnmarbury.com/page5.html/
|Fri, Jun 17 11:23 AM - U.S. dollar index 94.50 -0.2|
|Fri, Jun 17 10:21 AM - MBS moving lower as German Bund yield turns higher. Be on guard.|
|Fri, Jun 17 9:54 AM - 10-yr German Bund yield .01%|
|Fri, Jun 17 9:34 AM - WTI oil at $47.30/barrelup $1.09.|
|Fri, Jun 17 8:34 AM - Housing Starts May -0.3%. May Building Permits +0.7%.|
|Fri, Jun 17 8:29 AM - 10-yr T Note yield up to 1.59%|
|Fri, Jun 17 8:15 AM - S&P futures open slightly lower.|