June 22nd Mortgage Market Wrap-up 6

Mortgage backed securities (MBS) closed down a whopping 63 basis points today at 102.81 having fallen through and closed well below support which had been offered at the 103.37 level.  The histrionics surrounding the Greek debt debacle took their toll on bond markets today as there was optimism that a deal would soon be reached.  The 30 year conforming was at 4.00% today.