December 29th Mortgage Market Wrap-up 5

Mortgage backed securities (MBS) closed up 15 basis points today at 104.09 having broken through and closed above resistance offered by the 25 day moving average.  MBS bonds did well to close in the mid range of the trading session today as stock closed mixed not having strayed far in any direction.  The 30 year conforming rate remained at 4.125% today with no points.