Mortgage backed securities (MBS) closed down 22 basis points today at 100.41 coming to rest just below resistance at 100.53.  If the price level looks wrong, it is because we made the switch to the 3.5% coupon today.  The Japanese candlestick charting shows a bearish indicator called a Bearish Evening Star.  We will watch carefully to see where the market goes from here.

 
Posted by Jeff Jensen on 08/17/2010 05:50 PM   Comments (0)   Market Activity in the ActiveRain Channel  
Generate short URL

0 Comments on August 17th Mortgage Market Wrap-up
What does the graphic say?
Leave a response…

(optional)
Spam Prevention: