Mortgage backed securities (MBS) closed down 6 basis points today 104.38 having closed exactly on the high close level that had preceeded the little run which we just experienced.  MBS bonds actually did well to stay at that level in the face of a robust rally in the stock market.  Tomorrow brings the first of three days of Treasury auctions during which $99 billion new issues will offered up for sale.  We are encouraging our clients to lock as the next few days could be volatile.  There were still some folks able to find 3.75% 30 year rates today.

 
Posted by Jeff Jensen on 05/21/2012 03:10 PM   Comments (0)   Mortgage in the ActiveRain Channel  
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