June 18th Mortgage Market Wrap-up 5

File this under "What a difference a day makes; 24 little hours."  Mortgage backed securities (MBS) closed up a whopping 56 basis points today a 102.25 having smashed through resistance at both the 50 day moving average and the 101 .97 level.  The good news is that the bond closed at its high of the day and just 8 basis points from retaking the 25 day moving average.  The 30 year was available at 4.375% today.