April 20th Mortgage Market Wrap-up

MBS prices are up +10/32 (FNMA 30-yr 4.0 at 100.03), above the initial price level at +6/32, and at the high for the day. Leading Indicators came in close to expectations. The financial sector led the stock market lower, which helped MBS markets. The Dow fell almost 300 points. Oil prices dropped $5 per barrel to $45 per barrel. No economic data will be released tomorrow.