December 30th Mortgage Market Wrap-up 6

Mortgage backed securities (MBS) closed up 5 basis points yesterday at 102.96 have inched slightly higher above the important support offered at the 102.75 level.  Earlier this week it seem MBS bonds might take a turn downward into an approximately 100 point void below support.  Fortunately for the past two days they have made slight gains.  The 30 year was near 4.00% again today.