Mortgage backed securities (MBS) close down 34 basis points today at 100.59 having managed to remain above support just 9 basis points below.  MBS Traders sold off today consolidating their gains for the month and firming up their balance sheets.  The frequently suspect ADP jobs report was releaased today and showed that 91,000 jobs were created in August falling just short of the 100,000 expected.  As August trading came to a close a well qualified buyer could still get a 30 year conforminng loan at 4.25%.

 
Posted by Jeff Jensen on 08/31/2011 06:07 PM   Comments (0)   Market Activity in the ActiveRain Channel  
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