October 21st Mortgage Market Wrap-up 5

Mortgage backed securities (MBS) closed down 6 basis points today at 103.72 having once again remained above support offered by the 103.56 level.  MBS bonds did well to lose so little ground today as stocks enjoyed a significant rally.  Europe is taking QEIII to a higher level by purchasing corporate bonds as well.  The 30 year conforming remained at 4.125% today.