December 8th Mortgage Market Wrap-up 5

Mortgage backed securities (MBS) closed up 31 basis points today at 104.03 having surged above resistance offered at the 103.84 and taken aim at the 104.34 resistance level above.  Currently I am cautiously floating and not drifting too far from my rate watching alert system which comes right to my mobile phone.  The 30 year fixed should be available at 4.0% tomorrow.