June 27th Mortgage Market Wrap-up 7

Mortgage backed securities (MBS) closed up  a 38 more basis points today at 103.62 having closed just 7 basis points below their high of the day.   The rush to safety trade was still in play today as stocks continued their post Brexit vote sell-off. The 30 year conforming fell to 3.50% today.  I am calling clients who have not refinanced recently and locking loans in process.