January 2nd Mortgage Market Wrap-up 6

Mortgage backed securities (MBS) closed up 25 basis points today at 104.53 having broken through two levels of resistance offered at the 104.34 and 104.50 levels.  Having closed above them both bodes well for MBS bonds in the coming sessions. I am leaning toward locking for now for loans closing in the near future.  The 30 year conforming closed at 4.00% today.