April 21st Mortgage Market Wrap-up 7

Mortgage backed securities (MBS) closed down 12 basis points today at 102.12 having fallen through and closed below support which had been offered at the 50 day moving average.  This was the second bad day for MBS bonds in several days and interest rate may suffer tomorrow unless some negative news arrives to boost bonds once again.  The 30  year closed at 3.75% today.