Special offer

December 14th Mortgage Market Wrap-up 2

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Mortgage backed securities (MBS) closed up 9 basis points today at 102.44 still remaining wedged between double resistance now just above and the solid double support offered by the 25 and 50 day moving averages.  The Euro sold off to its lowest level against the dollor in over a year as the "safe haven" trade continued.  Treasury auctions continued to garner excellent ratings as Treasuries and MBS bonds climbed ever higher at the expense of equities.  The 30 year remained at 3.875%.

Comments (0)