September 25th Mortgage Market Wrap-up 6

Mortgage backed securities (MBS) closed down 16 basis points today at 103.81 having slipped a little farther below the tough resistance offered by the 200 day moving average.  Stocks improved today on goods on the economy.  Having to fight that good news and beginning so close to resistance bonds had no chance to advance.  The 30 years were both at 3.75% once again today.