September 30th Mortgage Market Wrap-up 5

Mortgage backed securities (MBS) closed even today at 105.44 having remained just five basis points above support offered by the 25 day moving average after having fallen below it during the day.  A slumping stock market helped MBS bonds.  With bonds at a crossroad deciding what direction to take, traders await Friday's jobs report.  The 30 year was still at 4.375% today.