March 6th Mortgage Market Wrap-up 8

Mortgage backed securities closed flat today at 101.88 having remained below support offered by the 25 and 50 day moving averages. MBS bonds, which opened down a gap, had been down 20 points during the session . Friday's wish for MBS bonds will level off came true at least for one day. The 30 year conforming rate was clinging to 4.25% again today.