July 16th Mortgage Market Wrap-up 5

Mortgage backed securities (MBS) closed even today at 102.09 having remained below the double resistance offered by the 50 and 25 averages about 15 basis points above.  MBS bonds did well to remain even today as stocks had moderately strong gains.  Tomorrow we will hear about initial jobless claims and housing starts.  The 30 year conforming remained at 4.3475% today.