January 28th Mortgage Market Wrap-up 3

Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Mortgage backed securities (MBS) closed even today at 103.44 having come to rest just 4 basis points below the 200 day moving average.  The day ended with a large green candlestick known as a bullish hammer candle.  This positive candle bodes well for trading in the days ahead if can re-take the new resistance offered by the 200 day moving average.  A "B" rating for today's $35 billion 2 Year Treasury auction.  The 30 year fixed was available at 3.625% again today.

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