The radiations overlap typically a Planck blackbody radiation curve with temperature of 2.725 K. This temperature is continuously decreasing with the expansion of the universe. The anisotropies in the radiation are 1 part in 100,000, that is, root mean square variations of only 18 µK. Both, the radiation and the anisotropies have been predicted by the Big Bang theory. At the beginning of the universe, the universe was just too hot and dense for photons to escape. Matter and radiation were indistinguishable. Any photon that would have been created at that time would immediately have been reabsorbed. As the universe expanded and cooled, it became feasible for electrons and protons to combine and form neutral hydrogen. The photons then scattered off these neutral atoms and were free to move in space. This stage is called decoupling of matter and radiation. The photons we receive now are basically from this spherical surface of the universe called the surface of last scattering. The universe temperature of 2.725 K gives us a fair idea of what the temperature would have been then and also how fast the universe is expanding.
However, this does not explain the anisotropies inherent in the CMBR. This is now the major part of research and study in this field. The anisotropies give us a flavour of the disorder in the universe at the time of decoupling. These are called primary anisotropies. The secondary anisotropies refer to galactic or other distortions between the the surface of last scattering and the observer. The inflation of these anisotropies is thought to be the signs of formation of galaxies and galaxy clusters. This very well matches the mass distribution in our universe. This has led to the prediction of the picture of the universe as we see it. The following picture on the left was released by NASA as a representation of anisotropy in the universe.
Below: The Planck's curve obtained by COBE for the CMBR. (http://en.wikipedia.org/wiki/File:Firas_spectrum.jpg)