Special offer

January 22nd Mortgage Market Wrap-up 6

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Mortgage backed securities (MBS) closed up 3 basis points today at 102.44 having remained above support offered at the 102.20 level.  MBS bonds did surprisingly well close without a significant decline in the face of a strong rally in stocks.  Today's wild swings took the 3.0 coupon bonds up near resistance and down through support.  The 30 year was at 3.875% today.

Comments (0)