November 27th Mortgage Market Wrap-up 6

Mortgage backed securities (MBS) close up 12 basis points today at 103.47 having broken through and closed above (ever so slightly) resistance offered at the 103.46 level.  During a holiday shortened and lightly staffed session, MBS bonds managed to break out of box they have been in for weeks.  With no economic report coming out today the 30 year remained at 4.00% today.