Mortgage backed securities (MBS) closed down 22 basis points today at 104.62 having fallen for the third consecutive day after those three day with the big green candles signalling last week's huge advances.  This is the first day in over a week that we have been close to the 25 day moving average which is only 23 basis points below the close.  Bonds did not dip down to that level during the day which indicates that they may moderate if there is no more good economic news,  The 30 year conforming remained at 3.75% today.

 
Posted by Jeff Jensen on 06/06/2012 02:36 PM   Comments (0)   Mortgage in the ActiveRain Channel  
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