January 13, 2009, 4:45 PM PST
Fannie Mae Mortgage Backed Securities (MBS) Up 3.9 basis points (bps) to 4.182%
*A Basis Point (bps) is 1/100 of 1.00%
National Average Fixed Rate Mortgage Unchanged 0.0 basis points at 5.08% 01-12-09
Float with Caution
Mortgage Backed Securities are declining into an oversold territory from a nuetral zone where they have rested for the past week.
DJI Stocks Closed Down 25.31 -0.30%
European and Asian Markets Down 1.76%
10 Year Treasury is currently 2.30% Down from 2.31
Crude Oil Currently $38.97 per barrel.
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