Mortgage backed securities (MBS) closed up 25 basis points today at 104.94 having re-taken resistance offered at the 104.87 after having fallen behind it as a result of last night's monthly coupon rollover. In reaction to another volatile day in the stock market, MBS bonds were up minimally early in the session prior to gaining steam as stocks turned negative. The 30 year was at 3.625% today.
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert
Still good interest rates, so buyer, get out there and take advantage. You'll be kicking yourself if you don't while rates are low. Right?
Feb 10, 2016 06:32 AM
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