January 29th Mortgage Market Wrap-up 5

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

Mortgage backed securities (MBS) closed up 25 basis points today at 104.59 having once again closed above the tough resistance offered by the 200 day moving average.  Although it closed above it three of the last six sessions, it has not closed above it two days in a row since early November.  The conforming 30 year fixed rate remained at 4.50% once again today.

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